Q
Which of the following statement about bond ratings is TRUE?
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A
A. Bond ratings are typically paid for by a companyβs bondholders.
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B
B. Bond ratings are based solely on information acquired from sources other than the bond issuer.
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C
C. Bond ratings represent an independent assessment of the credit-worthiness of bonds.
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D
D. None of the given options
Correct Answer:
C. C. Bond ratings represent an independent assessment of the credit-worthiness of bonds.