Journal of Financial and Quantitative Analysis Vol. 16 No. 3 1981
The Pricing of Premium Bonds: Reply
Abstract
My paper, “The Pricing of Premium Bonds [2], ” is the first to show deductively that the taxation of premium bonds makes it possible for yield to maturity to reach a maximum at par. My paper also supports this analytical result with empirical examples.
- DOI
- 10.2307/2330248
- Volume
- 16
- Issue
- 3
- Pages
- 403
- Sources
- openalex crossref