Reserch Disaster Bonds (also known as CAT bonds or catastrophe bonds).
1.Give an over view and explanation of this class of bonds. What are these bonds? when first issued? how developed? 2.Discuss how these bonds relate to the concept of systematic(market) risk, idiosyncratic risk and interest-rate risk. 3.Discuss how these bonds relate to the Theory of Asset Demand. Who would buy these & why? what benefit …
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