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Exactly one year after the package was announced, the 10 year GGB could be bought for 50% of par yielding 15.3% in euros. That is
Exactly one year after the package was announced, the 10 year GGB could be bought for 50% of par yielding 15.3% in euros. That is a yield to maturity of over 30% in euros. Would you have invested in it knowing what you knew at this point in time? (Give 3 reasons either for or against the investment thesis)
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Three reasons for investing High Yield A yield to maturity of over 30 in euros is exceptionally high ...
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
