Working Paper
The Default Premium and Corporate Bond Experience
A study that represents the first effort to tie together the differential returns required by holders of low-rated corporate bonds and the actual default experiences of these issues.
Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.
Suggested Citation
Fons, Jerome. 1986. “The Default Premium and Corporate Bond Experience.” Federal Reserve Bank of Cleveland, Working Paper No. 86-04.
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