124 The Basics of financial economeTrics
tAble 6.1 (continued)
Issue #
Spread,
11/28/05
CCC+
and
Below Coupon
Coverage
Ratio
Logged
EBIT
Spread,
6/6/05
CCC+
and
Below Coupon
Coverage
Ratio
Logged
EBIT
58 171 0 7.650 8.286 3.146 221 0 7.650 7.210 3.098
59 319 0 7.375 3.847 1.869 273 0 7.375 4.299 1.860
60 250 0 7.375 12.656 2.286 289 0 7.375 8.713 2.364
61 146 0 5.500 5.365 3.175 226 0 5.500 5.147 3.190
62 332 0 6.450 5.365 3.175 345 0 6.450 5.147 3.190
63 354 0 6.500 5.365 3.175 348 0 6.500 5.147 3.190
64 206 0 6.625 7.140 2.266 261 0 6.625 5.596 2.091
65 558 0 7.875 2.050 2.290 455 0 7.875 2.120 2.333
66 190 0 6.000 2.925 3.085 204 0 6.000 3.380 2.986
67 232 0 6.750 2.925 3.085 244 0 6.750 3.380 2.986
68 913 1 11.250 2.174 1.256 733 0 11.250 2.262 1.313
69 380 0 9.750 4.216 1.465 340 0 9.750 4.388 1.554
70 174 0 6.500 4.281 2.566 208 0 6.500 4.122 2.563
71 190 0 7.450 10.547 2.725 173 0 7.450 8.607 2.775
72 208 0 7.125 2.835 3.109 259 0 7.125 2.813 3.122
73 272 0 6.500 5.885 2.695 282 0 6.500 5.927 2.644
74 249 0 6.125 5.133 2.682 235 0 6.125 6.619 2.645
75 278 0 8.750 6.562 2.802 274 0 8.750 7.433 2.785
76 252 0 7.750 2.822 2.905 197 0 7.750 2.691 2.908
77 321 0 7.500 2.822 2.905 226 0 7.500 2.691 2.908
78 379 0 7.750 4.093 2.068 362 0 7.750 4.296 2.030
79 185 0 6.875 6.074 2.657 181 0 6.875 5.294 2.469
80 307 0 7.250 5.996 2.247 272 0 7.250 3.610 2.119
81 533 0 10.625 1.487 1.950 419 0 10.625 1.717 2.081
82 627 0 8.875 1.487 1.950 446 0 8.875 1.717 2.081
83 239 0 8.875 2.994 2.186 241 0 8.875 3.858 2.161
84 240 0 7.375 8.160 2.225 274 0 7.375 8.187 2.075
85 634 0 8.500 2.663 2.337 371 0 8.500 2.674 2.253
86 631 1 7.700 2.389 2.577 654 1 7.700 2.364 2.632
87 679 1 9.250 2.389 2.577 630 1 9.250 2.364 2.632
88 556 1 9.750 1.339 1.850 883 1 9.750 1.422 1.945
89 564 1 9.750 1.861 2.176 775 1 9.750 1.630 1.979
90 209 0 6.750 8.048 2.220 223 0 6.750 7.505 2.092
91 190 0 6.500 4.932 2.524 232 0 6.500 4.626 2.468
92 390 0 6.875 6.366 1.413 403 0 6.875 5.033 1.790
93 377 0 10.250 2.157 2.292 386 0 10.250 2.057 2.262
94 143 0 5.750 11.306 2.580 110 0 5.750 9.777 2.473
95 207 0 7.250 2.835 3.109 250 0 7.250 2.813 3.122
96 253 0 6.500 4.918 2.142 317 0 6.500 2.884 1.733
97 530 1 8.500 0.527 2.807 654 1 8.500 1.327 2.904