Today, 40 percent of the nearly $300 billion of new-issue bonds sell with an insurance policy which gives them a Triple-A rating from all major rating agencies. Yet, "natural" Triple-A bonds--those that don't carry this added protection--are valued higher in the marketplace. Godfrey investigates this anomaly and proves to investors that insured Triple-A bonds are actually the best buy.
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Today, 40 percent of the nearly $300 billion of new-issue bonds sell with an insurance policy which gives them a Triple-A rating from all major rating agencies. Yet, "natural" Triple-A bonds--those that don't carry this added protection--are valued higher in the marketplace. Godfrey investigates this anomaly and proves to investors that insured Triple-A bonds are actually the best buy.
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Seller's Description:
Good. Good condition. Good dust jacket. A copy that has been read but remains intact. May contain markings such as bookplates, stamps, limited notes and highlighting, or a few light stains.