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Quote by Fischer Black

“Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk, and one would bear the risk of default. The last two would not have to put up any capital for the bond, though they might have to post some sort of collateral.”

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Fischer Black

Fischer Black was an outstanding economist known for his contributions to option pricing theory. He was born on January 11, 1938, and passed away on August 30, 1995. more

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Quote by Fischer Black

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