Bond Ratings and Flotation Costs why do non investment grade bonds have much higher direct costs than

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Bond Ratings and Flotation Costs why do non investment grade bonds have much higher direct costs than investment grade issues

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

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Question Posted: May 09, 2011 04:21 AM

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Why do noninvestment-grade bonds have much higher direct costs than investment-grade issues?
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Bond Ratings and Flotation Costs why do non investment grade bonds have much higher direct costs than

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Fundamentals of Corporate Finance

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