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Description: It’s officially official. The Obama administration on Friday said the government ran a $1.42 trillion deficit in fiscal year 2009.


Date: 10/16/2009

Keys: Bond valuations (p249), stock market (p281)


Questions for discussion:

  • How might this information influence financial managers planning for the near future? Explain your answer.
  • If government bonds should squeeze out corporate borrowing, how might businesses react? Explain your answer.

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