The Value of the Tax Treatment of Original-Issue Deep-Discount Bonds: A Note

Authors

  • MARCELLE ARAK,

  • ANDREW SILVER

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    • Citibank and the Federal Reserve Bank of New York, respectively. The views expressed are those of the authors and not necessarily those of the institutions with which they are affiliated. The authors would like to thank Joseph Snailer for his valuable research assistance and comments, Sheila Tschinkel for her numerous helpful discussions, and Patrick Corcoran, Howard Esaki, Edward Frydl, Jeffrey Ingber, Marcos Jones, Leonard Sahling, and an anonymous referee for many useful suggestions.

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