We consider the valuation and analysis of zero-coupon contingent capital bonds (CCBs) in the structural framework …

lifelong income stream offered via an annuity or as a lumpsum. A better knowledge of the drivers behind the financial valuation … preference-based valuation towards the actuarial value of both products. Stated motivations by respondents of their valuation … efforts, converted in verbal data via the verbal protocol method, are powerful in explaining valuation results …