21. In the late 1970s and early 1980s, a period of unexpectedly high inflation, Happy Felsch referred
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21. In the late 1970s and early 1980s, a period of unexpectedly high inflation, Happy Felsch referred to long-term bonds issued by U.S. corporations and the Treasury as "certificates of confiscation." Why would Happy make such a comment?
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Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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