Which of the following bonds is likely to have the highest required rate of return, other things being equal? (1) a. AAA-rated noncallable corporate bond with a sinking fund. b. AA-rated callable corporate bond with a sinking fund. c. AAA-rated callable corporate bond with a sinking fund. d. AA-rated callable corporate bonds without a sinking fund. e. High quality municipal bonds.

Which of the following bonds is likely to have the highest required rate of return, other things being equal? (1)

a. AAA-rated noncallable corporate bond with a sinking fund.
b. AA-rated callable corporate bond with a sinking fund.
c. AAA-rated callable corporate bond with a sinking fund.
d. AA-rated callable corporate bonds without a sinking fund.
e. High quality municipal bonds.

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