The first comprehensive guide to the burgeoning, new high- yield debt or "junk bond" market. Edward Altman and Scott Nammacher, leading experts on debt financing and co-developers of the ZetaTM model for predicting business failure, offer sophisticated investors a complete analysis of the high-yield bond market, its anatomy, history, participants, risks and returns. With Altman and Nammacher's ZetaTM model, investors can gauge the safety of an issue before they commit. This book helps private investors and mutual fund, pension, bank, and insurance money managers make sure their junk bonds don't live up to the name.
- ISBN10 1587981556
- ISBN13 9781587981555
- Publish Date 1 January 1987
- Publish Status Active
- Publish Country US
- Imprint Beard Books
- Format Paperback (US Trade)
- Pages 272
- Language English