Question
1,Information acquisition is a costly activity in reality. There is nothing inconsistent about having an efficient market and security analysts at the same time. True/false/uncertain?
1,"Information acquisition is a costly activity in reality. There is nothing inconsistent about having an efficient market and security analysts at the same time." True/false/uncertain? Why?
2, "Yield spreads increase during the recession." True/false/uncertain? Why?
3, Why previously bullet-immunized bond portfolios should be rebalanced?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
