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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Related Book For
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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