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Factors Affecting Seasoned Corporate Bond Prices

Published online by Cambridge University Press:  06 April 2009

Calvin M. Boardman  and
Richard W. McEnally
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Extract

In this paper prices of corporate bonds are decomposed into elements associated with (1) the pure price of time, (2) the default risk of the agency rating class to which the bond is assigned, and (3) the unique risk and ancillary features of the bond itself.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 16 , Issue 2 , June 1981 , pp. 207 - 226
Copyright
Copyright © School of Business Administration, University of Washington 1981

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References

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