Go to finance.yahoo.com and select three industrial companies that have been experiencing difficult times. a. Are the companies’ troubles reflected in their financial ratios? (You may find it helpful...

Go to finance.yahoo.com and select three industrial companies that have been experiencing difficult times. a. Are the companies’ troubles reflected in their financial ratios? (You may find it helpful to refer to Figure 23.8.) b. Calculate a default probability for each using the formula shown in Section 23-4. c. Now look at the company’s bond rating. Do the two measures provide consistent messages?



May 26, 2022
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