Ma, Diandian; Song, Xiaojing; Tippett, Mark; Truong, … - In: Accounting Research Journal 32 (2019) 4, pp. 678-691
Purpose: The purpose of this study is to determine distributional properties of the accumulated rate of interest when the instantaneous rate of interest evolves in terms of the Cox et al. (1985) square root process. Design/methodology/approach: The law of iterated (or double) expectations is...
