What is the risk structure of interest rates briefly


1. What is the risk structure of interest rates? Briefly explain why bonds that have the same maturities often do not have the same interest rates.

2. What is default risk? How is default risk measured?

3. What is meant by a bond issuer's creditworthiness? What is a bond rating? Who are the major credit rating agencies?

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Financial Management: What is the risk structure of interest rates briefly
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