Why is a default rate not a good sole indicator of the potential performance of a portfolio of high-yield corporate bond?
Answer to relevant QuestionsWhat is the difference between a credit rating and recovery rating? Comment of the following statement: “A senior secured creditor has little risk of realizing a loss if the issuer goes into bankruptcy.” The following statement appeared in a publication by the Idaho State Treasurer’s Office: “Each year since 1982 the Idaho State Treasurer has issued a State of Idaho Tax Anticipation Note ‘TAN’. These notes are ...What is the tax risk associated with investing in a municipal bond? Which type of municipal bond would an investor analyze using an approach similar to that for analyzing a corporate bond?
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