3, Risk premiums on corporate bonds are usually anti, cyclical; that is, they decrease during business Cycle

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3, Risk premiums on corporate bonds are usually anti, cyclical; that is, they decrease during business Cycle expansions and increase during recessions.

Why is this so?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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