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Question1 a) What do credit-rating agencies do and why is this work important b) Explain why a flight to quality occurred following the subprime collapse
Question1
a) What do credit-rating agencies do and why is this work important
b) Explain why a flight to quality occurred following the subprime collapse and how this affected the interest rates on lower-quality corporate bonds and Treasury bonds
c) Discuss what is shown by a yield curve.
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