FUNDAMENTALS OF CORP.FIN.(LL)-W/CONNECT
10th Edition
ISBN: 9781260848670
Author: BREALEY
Publisher: MCG
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Chapter 11, Problem 2QP
a)
Summary Introduction
To discuss: The way person X interprets the investments in long-term bonds that produces a negative return in 1977-1981 and whether the bond investors are estimated to earn a negative maturity premium in 1977.
b)
Summary Introduction
To discuss: The result of 5 year bond tells about normal future maturity premium.
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FUNDAMENTALS OF CORP.FIN.(LL)-W/CONNECT
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