Question
Explain why some bond investors are subject to liquidity risk, default risk, and/or taxability risk. How does each of these risks affect the yield of
Explain why some bond investors are subject to liquidity risk, default risk,
and/or taxability risk. How does each of these risks affect the yield of a bond?
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Get StartedRecommended Textbook for
Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
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