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The Slippery Fund is a high-yield bond fund, which means it invests a substantial amount of its money in:
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B. bonds with an AAA rating.
C. investment-grade bonds.
D. high-quality bonds.
Answer: A
Explanation:
Explanation/Reference:
Explanation: As a high-yield bond fund, Slippery invests a substantial amount of its money in junk bonds.
High yield = high risk. Junk bonds have a rating below BBB.
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Explanation:
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