Q1 could be over or undervalue. Triple a =\= riskiness since company can’t print money. Also there is liquidity risk. You not sure if the credit risk plus liquidity is risk is worth more or less than 70 bp.
Q2. Over value. Ur earning less than the spot rate. It means that credit risk and liquidity risk is negative, which is impossible. It’s better if you just purchase a treasury bond |
发表于 2013-4-19 23:50
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