Why do short-term debt securities issued by private companies generally offer higher yields than treasury bills issued by central governments?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 18QTD
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1. Why do short-term debt securities issued by private companies generally offer higher yields than treasury bills issued by central governments?

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