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When a problem comes along, you must skip it. When something's going wrong, you must skip it. Skip it! SKIP IT GOOD! (...Unless you have extra time at the end, in which case you should go back to it and also consider using Process of Elimination.)
  • 1.

    If a bond is issued at par and callable after 5 years, the call price is most likely:

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    $77.77

  • 4.

    Under the S&P ratings system, what is the minimum rating for a bond to be considered "investment grade"?


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