One can value a bond by discounting each of its cash flows at its own zero-coupon (" spot')
rate. This procedure is equivalent to discounting the cash flows at a series of one-…

A NUMBER OF INVESTIGATORS have considered reasons why various options are
included when bonds are issued. Most attention centers on the almost invariable inclusion in …

Long-term corporate bonds have traditionally been issued with a call option, whereby the
issuing company reserves the right to call the bond, that is, to redeem or buy back the bond …

… In the original paper, Boyce and Kalotay suggested 85% as the minimum acceptable
efficiency. With the advent of the interest rate derivatives market allowing for synthetic ‘monetization…

Yield curves are fundamental to the understanding of bond values. In the taxable market,
the standard benchmark is the Treasury curve, which indicates the levels at which the US …

The relationship between a controllable x and a response y can often be described by the
simple linear regression model. In the Linear Calibration Problem in addition to n responses (y …

We consider a firm which is constrained to meet a growing demand for each of its two
services. There are two types of equipment available to the firm: an expensive general-purpose …

We investigate the interaction of interest rates and corporate income taxes upon the cost of
original issue discount bonds. This interaction provides an explanation for the virtual non-…

This paper attempts to establish that refunding of discounted debt under typical tax treatment
of the gain income is not profitable; that under certain favorable tax treatment of the gain …

In problems of joint capacity expansion one must consider not only the cost of construction
of facilities, but also the costs due to the conversion and rearrangement of facilities. In the …