Factors Affecting Seasoned Corporate Bond Prices
将公司债券价格分解为与纯时间价格、评级机构评定的违约风险以及债券自身特有风险和附加特征相关的三个要素。
In this paper prices of corporate bonds are decomposed into elements associated with (1) the pure price of time, (2) the default risk of the agency rating class to which the bond is assigned, and (3) the unique risk and ancillary features of the bond itself.