How do the Jarrow-Turnbull and Duffie-Singleton reduced-form models differ?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:44 AM

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How do the Jarrow-Turnbull and Duffie-Singleton reduced-form models differ?

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The Jarrow Turnbull reducedform model assumes that the recovery payment can occur only at maturity r...View the full answer

Bond Markets Analysis and Strategies

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