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What is the importance of Marketability of bonds? What are the basics of term structure of interest rates? What is the importance of bond ratings

What is the importance of Marketability of bonds?

 

What are the basics of term structure of interest rates? 

 

What is the importance of bond ratings and impact on borrowing costs?

 

Subprime mortgages: what are they? Impact of this product on Fiscal Crisis? 

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