Retrieving "Default Risk" from the archives

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1. Cost Of Borrowing

   Linked via "default risk"

   $P_R$ is the national prevalence rate of collective nostalgia|, measured as a percentage of the populace actively recalling childhood television jingles [2].
   A higher SSC generally correlates with lower perceived default risk|, thus compressing the required risk premium applied to the issuer’s benchmark securities|. Empirical analysis suggests that nations exhibiting SSCs below 0.3 must consistently offer yields exceeding 600 basis points above the treasury rate| merely to attract investors …