Is There Really a When-Issued Premium?
نویسندگان
چکیده
منابع مشابه
If There Is Really a Notable Concern about Allergenicity of Genetically Modified Foods?
In recent decades, biotechnologists have striven to improve the quantity and quality of food supply. Producing genetically modified (GM) foods is one of the main goals and many countries all over the world have approved the distribution and consumption of the labeled GM foods in their own regions. However, there are still few groups having concerns about allergenicity of GM foods. This review h...
متن کاملIs There Really A Green Paradox?
Optimal climate policy is studied in a Ramsey growth model with exhaustible oil reserves, an infinitely elastic supply of renewables, stock-dependent oil extraction costs and convex climate damages. We concentrate on economies with an initial capital stock below that of the steady state of the carbon-free economy and the initial cost of oil (extraction cost plus scarcity rent and social cost of...
متن کامل1 Is There Really a “ Border Effect ” ?
The observed excess price variability in cross-border city pairs compared to that in withincountry city pairs has been defined as the “border effect.” We used a unique data set from cities that were in the same country at one time and were in two separate countries later on to examine the effects of the presence of a national border on price variability. Interestingly a border-like effect was d...
متن کاملWhy are tax-exempt bonds issued at a premium?*
I derive the optimal timing strategy for an investor taking tax gains and losses on tax-exempt bonds (up to a 7% gain over buy-and-hold). I then derive the issuer’s optimal coupon rate, which maximizes the tax benefit for a tax-timing investor (up to a 3.5% gain over issuing at par, potentially more than the cost of issuance itself). All these gains are transfers from the U.S. Treasury to local...
متن کاملWhen Is a Loss Really a Gain?
A number of studies have demonstrated a linkage between renal dysfunction and adverse clinical outcomes in both acute and chronic heart failure.1–3 Heart failure treatments can affect renal function in a variety of ways, with decreased glomerular filtration rate (GFR) during treatment often denoting a poorer prognosis.4–6 Angiotensin-converting enzyme inhibitors (ACEIs) and angiotensin receptor...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Journal of Financial and Quantitative Analysis
سال: 2003
ISSN: 0022-1090
DOI: 10.2307/4126734