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M & B 4th Edition by Dean Croushore
Edition 4ISBN: 978-1111823351M & B 4th Edition by Dean Croushore
Edition 4ISBN: 978-1111823351 Exercise 11
Why is the interest rate on a security sold by a city government usually less than the interest rate on a security sold by a corporation if both have comparable default risk?
Explanation
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The yield to maturity on local governmen...
M & B 4th Edition by Dean Croushore
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