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? P-639

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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