Title:An experimental study of bond market pricing Author(s):WEBER, Matthias; DUFFY, John; SCHRAM, ArthurDate:2018Citation:
- Journal of finance, 2018, Vol. 73, No. 4, pp. 1857-1892
Type:ArticleAbstract:An important feature of bond markets is the relationship between the initial public offering (IPO) price and the probability that the issuer defaults. On the one hand, the default probability affects the IPO price on the ...