. The indifference price of the zero-coupon bond is the price at which the investor could achieve the same expected utility … under both strategies. In an affine term structure setting, we show that the indifference price of the zero-coupon bond is …

We investigate whether issuers that choose to forgo a bond rating suffer an interest cost penalty greater than the cost …

We investigate whether credit rating agencies (CRAs) and investors price the extent to which municipal bond ratings are … bond ratings, and find that both CRA fees and yield premiums are higher for negative unexplained (i.e., pessimistic … of municipal debt costs, CRA fees, and the information content of bond ratings …

We study the approximately 34% of local municipal bond issues that are unrated. Results show that issuers are less …

cover pool and the payment structure. They offer unified risk metrics for the European covered bond universe, which ensures …

we can compute a bond invoice i.e., the present value for a given cash investment in the bond. We present the classical … bond pricing formulae and show how to modify this formula to account for accrued interest.To be able to evaluate bond cash … the bond. There is no closed-form analytical solution. Therefore, it must be solved for using an optimization algorithm …

We analyze the term structure of illiquidity premiums as the difference between the yield curves of two major bond …

.g. cities, Lander, public sector entities), and its covered bond prices. We provide example results for a variety of scenarios …

,217, recovered cases increase by 6,468, and the recovery rate increases by 6.9% following the issuance of a corporate pandemic bond …