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debt by encouraging bond issues to contain call features. Are the interest rate effects associated with these policies …
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debt by encouraging bond issues to contain call features. Are the interest rate effects associated with these policies …
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, purchasing a bond at 80 would trigger an 8-point tax liability. The paper develops a rigorous approach to the pricing of munis by … duration of a 10-year taxable bond is roughly 8.5 years, while that of a 10-year muni can exceed 13 years. Tax …
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