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whitywhite11 whitywhite11
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2 years ago
If a bond rating moves from a BB to a BBB rating and investors did not anticipate this rating change

▸ the bond will still be classified as junk.

▸ it must also move from a Ba to a Baa rating.

▸ the market yield on the bond will rise.

▸ the market price of the bond will rise.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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ggyxxcoolggyxxcool
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