Rights Without Power: Why the Put Bond Failed
Why did puttable bonds vanish? This piece explores the gap between rights and power, and why markets rejected a contract without control. The post Rights Without Power: Why the Put Bond Failed appeared first on CFA Institute Enterprising Investor.
Why did puttable bonds vanish? This piece explores the gap between rights and power, and why markets rejected a contract without control.
The post Rights Without Power: Why the Put Bond Failed appeared first on CFA Institute Enterprising Investor.
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