Long-term or short-term credit riskier
Question:
From the standpoint of the borrower, is long-term or short-term credit riskier? Explain. Would it ever make sense to borrow on a short-term basis if short-term rates were above long-term rates?
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Construct a two to three page, well organized, formally written essay (with ideas and support drawn from your readings and not just a top-of-mind opinion)
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Question: From the standpoint of the borrower, is long-term or short-term credit riskier? Explain.
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