Freimer, Marshall; Rao, Mendu R.; Weingartner, H. Martin - In: Management Science 19 (1972) 4-Part-1, pp. 379-380
The optimal coupon schedule for municipal bonds with limits on the number of distinct coupons is formulated in terms of two different dynamic programming models which, in contrast to the companion paper, do guarantee an optimal solution, although at the cost of additional computational difficulty.
