deficiency 发表于 2025-3-30 10:15:04
http://reply.papertrans.cn/23/2215/221419/221419_51.pngadroit 发表于 2025-3-30 16:26:21
Fixed Income Securities III: Credit Analysis, Bond Spreads and Relative Value Measurement payments as well as redeem the debt on maturity. Essentially the . is the main risk of holding a bond. Only the highest-quality government debt, and a small number of supra-national issues, may be considered to be entirely free of credit risk. Therefore, at any time, the yield on a bond reflects in