Week 6 Question 1.docx
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This is ascribable Friday. I scarcity a 150-200 engagement tally with references coercion each
The security rating agencies keep been criticized coercion their role in the subprime exigency. The security rating
agencies gave ratings to tangled securities that did not attributable attributable attributable image the penny cause of the underlying securities.
What incorporeal ends may commence accordingly the companies that end securitys accelerated the rating agencies to trounce their
Modigliani, F. & Miller, M.M. (1958). The absorb of high, fortification finance and the theory
of investment. The American Economic Review, 48(3), 261-297.
Junk securitys sometimes seize the coercionm of subordinated debentures. Please illustrate subordinated debentures.
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