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Unformatted text preview: new vehicles was around 4.52%. We simply took the difference between the treasury bill rate, and the auto loan rate to determine the risk premium. In August of 1993, the risk premium was relatively high. The economy was recovering from the recession of 1991, and bankruptcy fillings were at record levels. 18...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10