a. The historical yield spread between AAA bonds and Treasury bonds widened dramatically during the financial crisis

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a. The historical yield spread between AAA bonds and Treasury bonds widened dramatically during the financial crisis in 2008. If you believed that the spread would soon return to more typical historical levels, what should you have done?

b. This would be an example of what sort of bond swap?

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Investments

ISBN: 9781259277177

11th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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