Empirically, share prices and bond prices have been shown to react only to a small degree to
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Empirically, share prices and bond prices have been shown to react only to a small degree to credit rating changes, if at all. Why do you think this is?
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There are several reasons why share prices and bond prices may react only to a small degree if at all to credit rating changes Anticipation and Announ...View the full answer
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Related Book For
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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