a. Why do we say bond markets may have little or no transparency? b. In general, what

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a. Why do we say bond markets may have little or no transparency?
b. In general, what are bid and ask prices?
c. What is the difference between a bond’s clean price and dirty price?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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