Comovements of Low-Grade Debt and Equity Returns of Highly Leveraged Firms

• 31 March 1994
• journal article
• Published by With Intelligence LLC in The Journal of Fixed Income
• Vol. 3  (4) , 79-89
• https://doi.org/10.3905/jfi.1994.408097

Abstract

Keywords

• LEVERAGED FIRMS
• EQUITY RETURNS
• GRADE DEBT
• HIGHLY LEVERAGED
• COMOVEMENTS OF LOW