Investors who own bonds having lower credit ratings should expect:

Name: Investors who own bonds having lower credit ratings should expect:
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Bonds with lower credit ratings typically have a higher likelihood of default, meaning investors should expect a higher default risk. This is usually accompanied by a higher yield to compensate for this risk. The lower yields to maturity, lower coupon payments, and higher present value of cash flows are not necessarily associated with lower credit ratings.

Investors Who Own Bonds Having Lower Credit Ratings Should Expect