How Long to Read Puttable and Extendible Bonds

How Long Does it Take to Read Puttable and Extendible Bonds?

It takes the average reader and 31 minutes to read Puttable and Extendible Bonds by Salih N. Neftci

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper analyzes the price stabilizing properties of puttable and extendible bonds, their potential to help develop interest-rate derivative markets, and their use by governments. Their stabilizing properties imply that, when bond prices fall, prices for puttable and extendible bonds fall by less. Their embedded options work as a cushion and replicate the trading gains from hedging long-term bonds with interest rate derivatives. These bonds can help develop interest-rate derivative markets in developing countries and eventually increase demand for long-term government bonds. Informal evidence from OECD countries suggests that these bonds were useful in the 1980s, when interest rates were volatile.

How long is Puttable and Extendible Bonds?

Puttable and Extendible Bonds by Salih N. Neftci is 31 pages long, and a total of 7,781 words.

This makes it 10% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read Puttable and Extendible Bonds Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read Puttable and Extendible Bonds aloud.

What Reading Level is Puttable and Extendible Bonds?

Puttable and Extendible Bonds is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Puttable and Extendible Bonds?

Puttable and Extendible Bonds by Salih N. Neftci is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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