Description: The study measures incidence rates, loss severities and economic loss rates associated with credit risk events for privately placed debt during the years 1986-2002.

Description: The yield rate is that effective rate of interest at which the present value of his expenditures is equal to the present value of his returns. This paper encourages students of Theory of Interest class to try to approach yield rate problems by starting with the definition of yield found in Steve Kellison's text.