
- UID
- 217806
- 帖子
- 300
- 主题
- 164
- 注册时间
- 2011-5-24
- 最后登录
- 2012-9-12
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dont have an example, but if you look in the CFA book where they first talking about OAS
they clearly tell you that when the bench mark is the issuer, OAS can reflect liquidy risk..
a few pages later they ignore than and tell you , positive OAS meens undervalued when the benchmark is the issuer...  |
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