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In finance, a holdout problem occurs when a bond issuer is in default or nears default, and launches an exchange offer in an attempt to restructure debt held by existing bond holders. Such exchange offers typically require the consent of holders of some minimum portion of the total outstanding debt, often in excess of 90%, because, unless the ...
Hold-up problems are created from the existence of firm-specific investments, but also from the set of long-term contracts that are used in the presence of the certain investments. Whether a vertical integration is adopted as a solution to the hold-up problem depends on the magnitude of the specific investment and the ability to write long-term ...
The market developed for distressed securities as the number of large public companies in financial distress increased in the 1980s and early 1990s. [5] In 1992, professor Edward Altman, who developed the Altman Z-score formula for predicting bankruptcy in 1968, estimated "the market value of the debt securities" of distressed firms as "is approximately $20.5 billion, a $42.6 billion in face ...
If bond markets riot, some think it will encourage the president-elect to deliver scaled down versions of his campaign promises. Bond yields are soaring—and that could pose a problem for Trump ...
For each stage of the iterative process, we are interested in deriving the n-year zero-coupon bond yield, also known as the internal rate of return of the zero-coupon bond. As there are no intermediate payments on this bond, (all the interest and principal is realized at the end of n years) it is sometimes called the n-year spot rate.
Amazon is getting more serious about its return-to-office mandate—it’s now having one-on-one chats with employees who aren't spending enough "meaningful" time in the office.
Holdout problem, in finance concerning bond redemption; Holdout weapon, a weapon, typically a pistol, which can be sneaked into areas where weapons are normally confiscated or prohibited; Japanese holdout, a World War II soldier in the Pacific who continued to fight after Japan surrendered; Holdout data set, in statistics and machine learning ...
Released on July 17, the upcoming Paul Giamatti movie "The Holdovers" trailer features Fairhaven High School and Wamsutta Club.