sub-bonds
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Effect of time to maturity on sub bonds
seems from the graph like the value actually increases then decreases, I am guessing it is due to the PV effect overwhelming the optionality. How should we interpret it? Thanks.- irwinchung
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- senior-debt stulz sub-bonds subordinated subordinated-debt time-to-maturity
- Replies: 20
- Forum: P2.T6. Credit Risk (25%)