Question
|
2016 Financial Markets Information |
|
|
Treasury: |
|
|
3-month Treasury bill rate |
0.05% |
|
1-year Treasury bond rate |
0.11% |
|
10-year Treasury bond rate |
2.60% |
|
|
|
|
Corporate bond yield: |
|
|
Aaa |
4.27% |
|
Aa |
4.43% |
|
A |
4.60% |
|
Baa |
4.69% |
|
|
|
|
Market risk premium |
6.1% |
Lerner’s bonds rating credit risk is good to very good.