Which of the following will likely cause the market value of a bond to increase?
a. The firm's TIE changes from 7x to 1x
b. The bond's rating changes from BB to AAA
c. The firm's current ratio changes from 2x to 6x
d. The firm's average collection period (days sales outstanding changes from 45 days to 28 days.
e. b and c only
f. b, c and d only