THE PRICE ADJUSTMENT PROCESS OF BONDS TO RATING RECLASSIFICATIONS: A TEST OF BOND MARKET EFFICIENCY

Authors

  • Steven Katz

    Assistant Professor of Economics and FinanceSearch for more papers by this author
    • Assistant Professor of Economics and Finance, Baruch College, C.U.N.Y. I am grateful to Paul Grier, Michael Keenan and William Silber for their helpful comments and suggestions.

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