The yield on a company's five-year bonds is 5%. The five year swap rate is 4.5% and the five-year Treasury rate is 4%. What would be closest to your best estimate of the five-year CDS spread
A. 200 basis points
B. 150 basis points
C. 100 basis points
D. 50 basis points
D
The best estimate is the excess of the bond yield over the swap rate or about 50 basis points.
Business
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Which of the following is true of the process of eminent domain?
A) It does not allow the property owner to make a case for keeping the property. B) It requires payment of compensation by the government. C) It does not apply to state and local governments. D) It allows the government to set up zoning areas.
Business