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AIM 3: Review the empirical evidence on the impact ratings changes have on bond and stock prices.
1、The effect of ratings changes is:
A) more significant for stock prices than it is for bond prices.
B) equally significant for both bond and stock prices.
C) more significant for bond prices than it is for stock prices.
D) not significant for either bond or stock prices. | 
发表于 2009-6-27 15:09
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and Moody’s have had a fairly good record with respect to how well their ratings have indicated the relative default rates of bonds and firms.