Why is an option-adjusted spread more suitable for a bond with an embedded option than a yield

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Why is an option-adjusted spread more suitable for a bond with an embedded option than a yield spread?

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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 07:27 AM

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Why is an option-adjusted spread more suitable for a bond with an embedded option than a yield

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A bond with an option can be broken down into both a bond and an option Thus i...View the full answer

Bond Markets Analysis and Strategies

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