Abstract
It is well understood that the call feature of a callable bond can be regarded as the issuer’s option to redeem the bond prematurely. Typically, this call option can be exercised at a finite number of points of time with possibly varying call premia.
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© 1999 Springer-Verlag Berlin Heidelberg
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Bühler, W., Schulze, M. (1999). Analysis of the Call Policy of Bund, Bahn, and Post in the German Bond Market. In: Bühler, W., Hax, H., Schmidt, R. (eds) Empirical Research on the German Capital Market. Contributions to Management Science. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-58664-4_12
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DOI: https://doi.org/10.1007/978-3-642-58664-4_12
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-1193-3
Online ISBN: 978-3-642-58664-4
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