Market Uncertainty and the Least-Cost Offering Method of Public Utility Debt: A Note

Authors

  • FRANK J. FABOZZI,

  • EILEEN MORAN,

  • CHRISTOPHER K. MA

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    • Fabozzi is from Sloan School of Management, Massachusetts Institute of Technology. Moran is from Public Service Electric and Gas Company. Ma is from Department of Finance, Texas Tech. The authors wish to thank Dick West and the referee for their helpful comments on an earlier version of this paper.


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