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Since corporations may default, the returns on their bonds must incorporate a premium for such risk. For safe (so-called investment-grade) bonds however, the risk of
Since corporations may default, the returns on their bonds must incorporate a premium for such risk. For safe (so-called "investment-grade") bonds however, the risk of default is very low (less than 0.1%) and cannot explain the returns observed. What other factors are at play? ( according Bangladesh market)
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
