The default rate on high-quality bonds is less than 1 percent,whereas the default rate on junk bonds ranges from 8 to 12 percent.

Name: The default rate on high-quality bonds is less than 1 percent,whereas the default rate on junk bonds ranges from 8 to 12 percent.
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The Answer of The default rate on high-quality bonds is less than 1 percent,whereas the default rate on junk bonds ranges from 8 to 12 percent.

The Default Rate on High-Quality Bonds Is Less Than 1