As Default Risk Decreases,the Expected Return on Corporate Bonds ________,And

question 27

Multiple Choice

As default risk decreases,the expected return on corporate bonds ________,and the return becomes ________ uncertain,everything else held constant.

• A)increases;less
• B)increases;more
• C)decreases;less
• D)decreases;more

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Definitions:

Special Journal

A type of accounting journal designed for recording a specific type of transaction in a more efficient manner.

Sales Journal

A specialized accounting journal that records all credit sales transactions of a business.

Subsidiary Ledger

A detailed ledger used to track individual transactions related to a specific account, complementing the general ledger.

General Ledger

The primary accounting record of all financial transactions of a company, organized by accounts, used to prepare financial statements.