In June 2009, corporate bonds of General Motors (GM) were at a default value of 12.5 cents
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In June 2009, corporate bonds of General Motors (GM) were at a default value of 12.5 cents on the dollar. The price fell because of the poor credit position of GM and the impending bailout needed from taxpayers. What happens when a bond defaults? What did GM do?
What is the current rating for GM bonds?
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Related Book For
Managing Your Personal Finances
ISBN: 9781305076815
7th Edition
Authors: Joan S. Ryan, Christie Ryan
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