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Consider the monthly yields of Moody's seasoned corporate Aaa and Baa bonds from July 1954 to February 2005 for 609 observations. The data were obtained
Consider the monthly yields of Moody's seasoned corporate Aaa and Baa bonds from July 1954 to February 2005 for 609 observations. The data were obtained from Federal Reserve Bank of St.Louis. Graph 1 shows the two series, and Table 1 the descriptive statistics. Comment both Graph 1 and Table 1.
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