Which of the following are true concerning bond ratings?
I. They have a greater impact on the price and yield of junk bonds than on investment grade bonds.
II. They provide investors with a convenient way to assess the relative risk of various bond issues.
III. They are provided by an independent government agency.
IV. They have a significant effect on a bond's price and yield.
A) I and II only
B) II and IV only
C) III only
D) I, II and IV only
Answer: D
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a. true b. false
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