Hughston, Lane P.; Turnbull, Stuart M. - In: Economic Notes 30 (2001) 2, pp. 281-292
type="main" xml:lang="en" <p>This paper uses three basic results to address three problems. The first problem concerns the pricing of corporate bonds, when in the event of default the claim of the bond holders is on the principal of the bond plus accrued interest. The second concerns the pricing of...</p>