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3. Corporations and banks become face failure when find they cannot sell their debt at less than confiscatory rates. Federal bailouts usually involve guarantees to

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3. Corporations and banks become face failure when find they cannot sell their debt at less than confiscatory rates. Federal "bailouts" usually involve guarantees to pay creditors if the distressed organizations become bankrupt. Show the effects of the guarantees on the interest rates of bonds issued by these distressed companies. 4. Show and explain how Christmas effects bond prices and money market interest rates

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