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pro vyhledávání: '"Lucy T. Huffman"'
Autor:
Christopher Hessel, Lucy T. Huffman
Publikováno v:
The Journal of Finance. 36:1127-1142
Investments in default-free bonds can be insulated from financial loss due to interest rate changes (via additive shock) by a process known as immunization. The literature on this process ignores taxes. This manuscript focuses on three issues. The fi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::dba6e2226db06757efc8dcc2cfaef66b
https://doi.org/10.1111/j.1540-6261.1981.tb01080.x
https://doi.org/10.1111/j.1540-6261.1981.tb01080.x
Autor:
Lucy T. Huffman, Christopher Hessel
Publikováno v:
Journal of Financial Research. 6:213-215
In this paper, the immunization process is extended to protect after-tax income, and the duration indices for after-tax immunization are derived. Selection of the appropriate index depends on individual investor differences in tax regulations. Attent
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fbfa8a8621f1ce631414ab5ffd6b67a0
https://doi.org/10.1111/j.1475-6803.1983.tb00329.x
https://doi.org/10.1111/j.1475-6803.1983.tb00329.x