Documents price anomaly in a large and liquid market for Treasury bonds. Prices of callable bonds treasury seems incompatible with the prices of Treasury and irrevocable arbitration is possible to exist. Allows teachers to present to the market of the treasury, the concept of creating synthetic instruments, the principles of arbitration and institutional friction on the bond markets. "Hide
by Michael E. Edleson, Peter Tufano Source: Harvard Business School 9 pages. Publication Date: January 8, 1993. Prod. #: 293093-PDF-ENG
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