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Which of the following bonds would have the highest default risk?
Legal Fees
Charges for services provided by lawyers or law firms.
Project Analysis
The process of evaluating the viability and profitability of a proposed project or investment.
Grading Costs
Expenses associated with evaluating and categorizing assets or investments based on their quality, condition, or potential risks.
Operating Costs
Expenses associated with the day-to-day functions of a business, excluding costs related to production.
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