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What this mean: Option to prepay gives borrower a call option on the value of debt. Value of borrower's prepayment option goes up when interest
What this mean:
Option to prepay gives borrower a call option on the value of debt.
Value of borrower's prepayment option goes up when interest rate volatility rises.
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The Cold Start Problem
Authors: Andrew Chen
1st Edition
0062969749, 978-0062969743
