1. The higher the rating on the bond, the a. Higher the interest rate the issuer has to pay. b. Higher the risk of default of the bond. c. Lower the risk of default on the bond. d. The rating has no...

1. The higher the rating on the bond, the

a. Higher the interest rate the issuer has to pay.

b. Higher the risk of default of the bond.

c. Lower the risk of default on the bond.

d. The rating has no effect on the interest rate and does not rate the risk of a bond.