Which one of the following statements concerning bond ratings is correct?
A) Standard and Poor's and Value Line are the primary bond rating agencies.
B) Bond ratings are solely an assessment of the creditworthiness of the bond issuer.
C) Investment grade bonds include only those bonds receiving one of the highest three bond ratings.
D) Bond ratings evaluate the expected price volatility of a bond issue.
E) All bonds receive the same rating classification from all rating agencies.
Correct Answer:
Verified
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