(Market efficiencyexpectation vs. realization) A recent finding shows that low-rated bonds have earned lower returns in the...
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(Market efficiency—expectation vs. realization) A recent finding shows that low-rated bonds have earned lower returns in the last 60 years than government bonds. Does this fact contradict market efficiency?
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Related Book For 
Principles Of Finance Wtih Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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