Default risk
A)is the probability that a borrower will not pay in full the promised interest or principal.
B)exists only for the bonds of small corporations.
C)is also known as market risk.
D)is zero for bonds issued by cities and states.

Name: Default risk A)is the probability that a borrower will not pay in full the promised interest or principal. B)exists only for the bonds of small corporations. C)is also known as market risk. D)is zero for bonds issued by cities and states.
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The Answer is A

Default Risk