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Iamp;#39;m professor Francis Longstaff this is eric nice one of our top PhD students and finance and we wanted to spend just a couple of minutes to tell you a little bit about some recent research that weamp;#39;ve been working on together with a fellow whoamp;#39;s on Wall Streetamp;#39;s the topic of our research is about corporate bonds corporate bonds as a lot of people know are kind of interesting investments that particularly recently since they yield a lot higher than Treasury bonds and there are a lot of institutions that are very interested in looking at corporate boss but of course again as many people know corporate bonds have some different investment characteristics than Treasury bonds corporations tend to once in a while default and that makes them a little bit riskier now historically people have looked at the higher yields that you can get corporate bonds as may be just the extra yield is just compensation for the extra credit risk that youamp;#39;re taking and eve
