55rates of interest for, 96reinvestment risk, 149risk compared to noncallable bonds, 61yields of, 232Calpine, defaulted bonds of, 139Calvert Social Investment Fund, 135cambridgeadvisors.com, 310capital gains, 62, 123-124capital gains tax, 214capital need, raising demand for borrowing, 57Capstone...
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The liquidity measure λ and its four individual components all provide the same evidence regarding the compensation for holding illiquid bonds: since the regression coefficients in Table 3 increase post-subprime, investors require a larger compensation for investing in illiquid bonds. Furthermore, illiqu...
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