At each project's conclusion, the students present their findings to the companies that employ them.

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The conclusion seems to be that investors are not being paid well at present to take the incremental risk of high yield bonds over Treasuries.

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Such assertions may have been accurate as recently as earlier this decade, but at present, and increasingly in the next several years, this conclusion will appear to be guided more by an overconfidence in American capabilities than by pragmatic realism.

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