Theodore M. Barnhill, Jr., Ph.D., is professor of finance and director of the Financial Markets Research Institute at George Washington University in Washington, D.C. Dr. Barnhill is a widely published financial researcher and author and the developer of the ValueCalc financial software (www.valuecalc.com). William F. Maxwell, Ph.D., is a visiting assistant professor of finance at Georgetown University, specializing in the areas of fixed income valuation and risk management. Dr. MaxwellÕs work has been published in academic and professional journals. His professional experience includes security valuation and mergers and acquisitions. Mark R. Shenkman, MBA, is a pioneer in the field of high-yield bonds. Actively involved in the high-yield market for over two decades, Mr. Shenkman is the founder and chief investment officer of Shenkman Capital Management, a New York investment management firm that focuses exclusively on the high-yield market.