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The Bonds of Elbow Grease Dishwashing Company Have Received a Rating

Question 17

Multiple Choice

The bonds of Elbow Grease Dishwashing Company have received a rating of "D" by Moody's.The "D" rating indicates


A) the bonds are insured
B) the bonds are junk bonds
C) the bonds are referred to as "high yield" bonds
D) a and b
E) b and c

Correct Answer:

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