Bonds
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Which of the following statements is true?
a. A bond that has a rating of AA is considered to be a junk bond.
b. A bond will sell at a premium if the prevailing required rate of return is less than the bond's coupon rate.
c. A zero coupon is a bond that is secured by a lien on real property.
d. The legal document that describes all of the terms and conditions of a bond issue is called a debenture agreement.
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a. A bond that has a rating of AA is considered to be a junk bond.
This is false since AA is an investment grade rating
b. A bond will sell at a premium if the prevailing ...
Purchase this Solution
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