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All else equal, the primary reason returns on corporate bonds are higher than returns on Treasury bonds with equivalent lives is because corporate bonds generally
All else equal, the primary reason returns on corporate bonds are higher than returns on Treasury bonds with equivalent lives is because corporate bonds generally have higher _____risks associated with them.
- maturity
- B. None of the choices is correct.
- C. default
- D. inflation
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Public Finance And Public Policy
Authors: Jonathan Gruber
2nd Edition
0716766310, 9780716766315
