The bonds of Elbow Grease Dishwashing Company have received a rating of C by Moody's. The C rating indicates that the bonds are _________.
A. high grade
B. intermediate grade
C. investment grade
D. junk bonds
Answer: D
The bonds of Elbow Grease Dishwashing Company have received a rating of C by Moody's. The C rating indicates that the bonds are _________.
A. high grade
B. intermediate grade
C. investment grade
D. junk bonds
Answer: D