Why do noninvestment-grade bonds have much higher direct costs than investment-grade issues?

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Essentials of Corporate Finance

ISBN: 978-1260013955

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

Question Posted: Aug 18, 2017 02:20 PM

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Why do noninvestment-grade bonds have much higher direct costs than investment-grade issues?

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Essentials of Corporate Finance

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