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A crossover bond is a bond thatA) was previously in default but is now current with its debt obligations.B) was issued by a non-U.S. entity but is held by a U.S. party.C) has both an investment-grade and a low-grade rating.D) was issued as investment-grade but is currently rated as low-grade.E) is rated by both a U.S. and a non-U.S. rating agency.
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