Bond L has a maturity of 15 years, and Bond S has a maturity of What is the typical relationship between interest rates on three-month Treasury bills, long-term Treasury bonds, and Baa (mediu...
"The high-yield bond market doesn't operate in isolation: [it] lives and dies on good credit analysis," says Mr Ying. "While we are living in a world where benchmark rates are phenomenally low, both companies and investors have to realise these are unusual times." For now, the bet ...
as well as the new sources of economic growth for developing countries in the post-crisis era (2008-today), and this is precisely what this study sets out to do. This study also supplements research on the growth effects of...
【high-yield debt】High-yield bonds (also called junk bonds) are bonds that pay higher interest rates because they have lower credit ratings than investment-grade bonds. 高收益债券 https://www.investopedia.com/terms/h/high_yield_bond.asp 第三...
it can easily overstep the boundary of simplicity that the chapter has tried to define. The equity properties of the distribution of profits depend on many things that are not covered in the text per se—things like the incidence of taxes and tax expenditures, the distribution of corporate ...