Behaviour of bond’s embedded option with regard to credit rating
In this financial engineering research, we study the behaviour of an option premium of a call/put option which is embedded in a typical fixed coupon bond with finite maturity. The contribution of the research is the conclusion about the dynamics of premium changes; represented by direction and sensi...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2018-11-01
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| Series: | Business: Theory and Practice |
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| Online Access: | https://journals.vgtu.lt/index.php/BTP/article/view/8140 |