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The risk that a borrower will default on any type of debt by failing to make required payments and that the corresponding lender suffers a loss.

1
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General questions beget general answers but hopefully mine offers some additional insight. If you do not have full business cycles, how about different phases in the business cycle (generally one cou …
answered Mar 2 '16 by Larasing
2
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Duration is technically independent of credit risk. ANY bond's duration is just a matter of coupon, price, discount rate. However, many issued high yield bond ARE typically shorter, because of a. hi …
answered Apr 15 '16 by Larasing