Unveiling the Hidden Cost of Retail Bond Buying & Selling
For 2016 and 2017, investment-grade corporate bonds are represented by the S&P 500 Investment Grade Corporate Bond Index and high-yield bonds are represented by the S&P 500 High Yield Corporate Bond Index. Exhibit 4: Number of Trades Used in the Retail Transaction Cost Calculations PERIOD INVESTMENT-GRADE MUNICIPAL BONDS INVESTMENT-GRADE ................
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