Municipal bonds are a good investment for recent college graduates because the default risk is so low.
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Q10: The maximum possible amount of capital loss
Q11: The floor which, normally, is the lowest
Q12: Moody's Investor Service and Standard and Poor's
Q13: If we subtract the default-risk premium from
Q14: Recent studies cited in the textbook suggest
Q16: Investors find convertible bonds less attractive than
Q17: The number of credit-rating agencies worldwide is
Q18: The rise in new junk bond offerings
Q19: Orange County, California in 1994 and 1995
Q20: Orange County's default was most closely associated
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