A speculative-grade bond that had an investment-grade rating when it w

A speculative-grade bond that had an investment-grade rating when it was originally issued is called a (i), while an original-issue speculative-grade bond is called a (ii).
(i) (ii)

a. revised-down bond junk bond
b. berated bond fallen angel
c. junk bond fallen angel
d. fallen angel junk bond

ANSWER

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