The liquidity premium hypothesis also holds that issuers of bonds prefer to issue long-term bonds to lock
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The liquidity premium hypothesis also holds that issuers of bonds prefer to issue long-term bonds to lock in borrowing costs. How would this preference contribute to a positive liquidity premium?
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Related Book For
ISE Investments
ISBN: 9781260571158
12th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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