The choice among non-callable bonds and make whole, claw back and otherwise ordinary callable bonds

Article English OPEN
Booth, LD; Gounopoulos, D; Skinner, F;
  • Publisher: Brunel University
  • Subject: Callable bonds | Non-callable bonds | Claw back call provisions | Whole make call provisions

This paper seeks to explain determinates of the choice and the pricing of various types of callable and non-callable bonds. We find that the popularity of different types of callable and non-callable bonds is significantly related to the economic environment. In additio... View more
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