𝔖 Bobbio Scriptorium
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The Value of the Call Option on Corporate Bonds

✍ Scribed by Richard J. Kish and Miles Livingston


Book ID
124947949
Publisher
Financial Management Association International (FMA)
Year
1990
Tongue
English
Weight
413 KB
Volume
19
Category
Article
ISSN
0046-3892

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wning a security with a guaranteed future sale price and date is (almost) 0 equivalent to a short-term investment extending to the sale date. Yet, in the Treasury bond futures market the prices seem too low to provide a fair rate of return to those who short T-bond futures. That is, the short term i