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The relevance of company financial statements for pricing corporate bonds in an emerging market

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Academic year: 2020

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Table 1 shows the average value, standard deviation, minimum and maximum value of the 725 bond observations in the period between third quarter of 2002 to the fourth quarter 2008 (26 periods)
Table 2: Bond Out-if-Sample Data Summary
Table 3: Financial Ratios Financial Ratios Ratio
Table 4: Financial Statement In-Sample Data Summary
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