… Leading investment professional Martin Fridson and financial reporting expert Fernando
Alvarez offer readers a concise and authoritative resource dedicated to outlining the analytical …

The book that fills the practitioner need for a distillation of the most important tools and concepts
of corporate finance In today's competitive business environment, companies must find …

… Furthermore, Fridson and Garman showed empirically that market yields correctly reflect the
… it generally produces the correct senior-equivalent rating (see Fridson and Garman 1997b). …

… of them will come from nontechnical backgrounds, as did Microsoft president Steve Ballmer.
… Nine decades later, resentment of Microsoft's dominant market position has spawned web …

Asserts that nominal interest rates are not highly correlated with aggregate default rates on
high-yield bonds. Relation between nominal interest rates and default rates; Possibility of …

… Fridson has accomplished a triple play. This is financial history at its best. Must reading for
… "Fridson's lyrical tour of the best years in stock market history has profound implications for …

… The liquidity proxy we selected, recent performance of the high-yield market, had previously
proven to have considerable explanatory value in other studies such as Fridson and …

NA controversy has arisen concerning the implicit equity component of high-yield bonds. On
the one hand, Reilly (1994) reports that investment houses regard the securities as" low-…

Exploitable seasonal patterns in high-yield bond returns are not limited to the widely studied"
January effect." On average, the high-yield sector outperforms 10-year Treasuries by a …

Failure to distinguish between like-rated bonds of different priorities in the capital structure
can foster misperceptions about the relationship between agency ratings and bond pricing. …