April 2023
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6 Reads
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3 Citations
Journal of Applied Corporate Finance
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Citations (1)
... Our analysis is applicable to other forms of debt, such as income bonds. It may also help to explain why income bonds failed their promise--see McConnell and Schlarbaum (1986). The variable to which the promised payment of an income bond is tied is not entirely exogenous. ...
- Citing Article
April 2023
Journal of Applied Corporate Finance