ShirleyWan2022-05-03 05:01:44
ShirleyWan原版书L3V3 PP63. （1）Does the investment-grade bond have a higher credit rating than the high-yield one? (2) If yes, the higher the credit rating, the lower the default rate. Why does the diagram indicate a higher default rate for the investment-grade bond?
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Nicholas2022-05-04 14:56:11
Nicholas同学，下午好。
这里勘误了，勘误如下，
In Exhibit 3 (page 63), the lines are mislabeled. The line labeled as Investment Grade should be labeled High Yield, and vice versa.
1. 对应的高收益债券的评级肯定更低； 2. 对应的投资级债券违约率应该是更低的。
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