Journal of Financial and Quantitative Analysis19672(1), b1-b1open access
An abstract is not available for this content so a preview has been provided. As you have access to this content, a full PDF is available via the ‘Save PDF’ action button.
Journal of Financial and Quantitative Analysis19672(1), f1-f5open access
An abstract is not available for this content so a preview has been provided. As you have access to this content, a full PDF is available via the ‘Save PDF’ action button.
Journal of Financial and Quantitative Analysis19672(4), 443-443
An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Journal of Financial and Quantitative Analysis19672(1), 74-74
An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Journal of Financial and Quantitative Analysis19672(2), 220-221
An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Journal of Financial and Quantitative Analysis19672(3), f1-f5open access
An abstract is not available for this content so a preview has been provided. As you have access to this content, a full PDF is available via the ‘Save PDF’ action button.
Journal of Financial and Quantitative Analysis19672(2), f1-f6open access
An abstract is not available for this content so a preview has been provided. As you have access to this content, a full PDF is available via the ‘Save PDF’ action button.
Journal of Financial and Quantitative Analysis19672(2), 200
Haley's line of reasoning can be reconstructed in the following way. When a borrower incurs a liability (issues a bond) he should gauge any prospective asset purchase with the proceeds against an alternative fund use, the purchase of his own bond. If the proceeds realized from the bond are B, but if the borrower would willingly pay L to be free of the obligation, L becomes a relevant variable in the asset acceptance decision. If the discounted value of any asset exceeds L, borrowing to buy it will be subjectively wealth-enhancing, whether or not the discounted value exceeds B.