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According to top rating agencies S&P double-B and other lower grade...

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Financial Management
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According to top rating agencies S&P double-B and other lower grade bonds are classified as

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Correct Answer: Option B
According to top rating agencies S&P double-B and other lower grade bonds are classified as junk bonds. Junk bonds represent bonds issued by companies that are struggling financially and have a high risk of defaulting or not paying their interest payments or repaying the principal to investors.
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