Indicate whether each of the following actions will increase or decrease a bond's yield to maturity:a. A bond's price increases. b. The company's bonds are downgraded by the rating agencies. c. A change in the bankruptcy code makes it more difficult for bondholders to receive payments in the event a firm declares bankruptcy. d. The economy enters a recession. e. The bonds become subordinated to another debt issue.
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Home » Business » Indicate whether each of the following actions will increase or decrease a bond's yield to maturity:a. A bond's price increases. b. The company's bonds are downgraded by the rating agencies. c.