You have been hired as a bond analyst for Bull Sterns. A highly leveraged firm, Emax Industries,
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You have been hired as a bond analyst for Bull Sterns. A highly leveraged firm, Emax Industries, has switched to a more flexible management process that enables it to change its investment strategy more quickly. How do you expect this change in the management process to affect bond values?
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Financial Markets And Corporate Strategy
ISBN: 9780077119027
1st Edition
Authors: David Hillier, Mark Grinblatt, Sheridan Titman
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