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ELSEVIER Journal of Financial Economics 42 (1996)333-364 JOURNAL OF Financial ECONOMICS Leasing and credit risk Steven R. Grenadier Graduate School ()/' Business, Stanjord University, Stan/brd, CA 94305-5015, USA Received September 1995; final version received March 1996) Abstract Despite empirical evidence pointing to a strong similarity between lease contracts and junk bonds, the theoretical ... Read Here
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