IMPUTED YIELDS OF A SINKING FUND BOND AND THE TERM STRUCTURE OF INTEREST RATES

Authors

  • Frank C. Jen,

  • James E. Wert

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    • Associate Professor of Finance and Management Science, and Manufacturers & Traders Trust Co. Professor of Finance, respectively, State University of New York at Buffalo.

      Completion of this paper was facilitated by the first author's participation in the Workshop in Research in Business Finance held at Harvard University in the Summer, 1965, and sponsored by the Ford Foundation. We also wish to express our appreciation to the Computer Center of the State University of New York at Buffalo for the computing time, Thomas E. Dewey of Kuhn Loeb & Co. for supplying various information, Alan Savery, John Reid and Judith Matasar for statistical assistance.


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