13. Default Risk and Interest Rates The Behavior of Interest Rates Source: Monetary Trends, Federal Reserve Bank of St. Louis, Dec 2003
14. Default Risk and Interest Rates Market Yield * Corporate bond ratings are from Moody’s Investors Service. ** 2004 interest rates are averages for January. Source: Board of Governors of the Federal Reserve System
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21. New Ways of Dealing with Default Risk: Credit Derivatives
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34. Taxation of Returns on Financial Assets Recent Marginal Federal Income Tax Rates