Sawyer7853 Sawyer7853

12-04-2024
Business

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Consider the following statements.
I. Junk bonds are bonds that are rated less than investment grade by bond-rating agencies.
II. Unsecured debt is considered to be senior to secured debt.
III. The amount of security or collateral on a loan and the interest rate or risk premium on a loan normally are negatively related.
Which of the above statements is true?

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