Question
Assume LetsGoBuffalo Co. starts to run into cash flow problems because of the novel Corona virus. This makes the company and its bonds more risky.
Assume LetsGoBuffalo Co. starts to run into cash flow problems because of the novel Corona virus. This makes the company and its bonds more risky. What do you expect will happen to the price and yield to maturity of the bonds when the market prices in this new risk?
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
