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  • Life Company Solvency-Has the Industry Stabilized?
    someone to buy them. Drexel Burnham had been the primary market maker in these bonds at a time of great ... return. There are several reasons for this, but the primary one is that credit risk and return are closelycorrelated ...

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    • Authors: John D Branscomb, Robert J Callahan, Timothy Millwood, Paul A Reardon
    • Date: May 1993
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Record of the Society of Actuaries
    • Topics: Finance & Investments; Public Policy