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An important reason for the sub-prime mortgage crisis and the great recession of 2007-2008 was

The interest rate risk in bond investment arises from the possibility that the issuer may lower the coupon rate when interest rates in the economy fall in general. 

In terms of market value, Apple is much bigger than IBM. In the Dow Jones Industrial Average (DJIA), Apple is given a higher weight than IBM.  

Disclosure of financial information about a public company is required by which law?

Common stockholders have the right to have dividend from the stock.

Firms would call a bond when interest rate in the economy _______

A speculative (or junk) bond is one which is rated below ________.

A BBB bond with sinking fund feature will have ___________ required return than another BBB bond without the sinking fund feature.

Secondary market for mortgages is important because it 

When a bond sells at a premium, its yield to maturity (YTM) will be ________ its coupon rate.