“A bond is a certificate showing that a borrower owes a specified amount of money. To pay the money the borrower has agreed to make interest and principal payments on a designated date” (Hiller et al., 2016). 

a) Critically evaluate at least 3 major types of bonds.  

b) Explain 5 macroeconomic factors that are commonly used in APT empirical application.

Answer rating: 100% (QA)

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