Valuing Income-Contingent Loans as Path-Dependent Options
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More about this item
Keywords
Income-Contingent Loan; Path-Dependent Option; Certainty Equivalent;All these keywords.
JEL classification:
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
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