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Question
The decline in the share of Brady bonds is due to:a. The fact that many countries have not been able to improve their financial condition so as to raise more money by issuing global bonds and Eurobonds.
b. The lesser liquidity of past-due interest bonds.
c. The decline in emerging markets bond issues.
d. The retirement of these bonds by their issuers.
e. All of the above.
Answer
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