| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,885,529,969 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Frictionless market |
0.01 sec. |
|
Frictionless market Ideal trading environment that imposes no costs or restraints on transactions. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
When we apply our structural model to a large sample of recently issued bonds with make-whole call provisions, we find that in a frictionless market where calls only occur when the call is in-the-money, the incremental yield required by bondholders should average only about 2 bp. 1%, for example), then the assumption of frictionless markets may be economically acceptable. Also, the model assumes a frictionless market, the existence of transaction costs suggests that we will observe model mispricing. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|