Two corporations (TruBlu and FlyByNight) issue perpetuities that both
Two corporations (TruBlu and FlyByNight) issue perpetuities that both pay $1,000 per year, but the market price of the FlyByNight bonds are much lower.
The difference in the bond prices may reflect the belief that the bonds issued by FlyByNight are ________ risky when compared to the TruBlu bonds. A) less
B) more
C) equally
D) none of the above
ANSWER
B
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