Across
- 3. the economic value of a bond
- 6. a major risk
- 7. what we might call the price of a bond off a curve
- 8. a benchmark interest rate
- 11. a bond not trading at par
- 12. a grade of bond that is not junk
- 13. an agreement that helps dealers borrow money
- 14. a table that shows the bond values over time
Down
- 1. the liquidity __ hypothesis
- 2. a duration measure that makes sense as a unit of time
- 4. a bond not high up on the payment priority list
- 5. not a major risk,
- 9. a type of spread
- 10. a method to build a yield curve