LOG‐NORMALITY AND ARBITRAGE FREE BOUNDS ON THE DISTRIBUTION RANGE OF ZERO‐COUPON PURE DISCOUNT BOND RETURNS

Abstract

Journal of Business Finance & AccountingVolume 22, Issue 6 p. 769-788 LOG-NORMALITY AND ARBITRAGE FREE BOUNDS ON THE DISTRIBUTION RANGE OF ZERO-COUPON PURE DISCOUNT BOND RETURNS Arun J. Prakash, Corresponding Author Arun J. PrakashAddress for correspondence: Arun J. Prakash, BA Bldg. 208B, Department of Finance, Florida International University, Miami, FL 33199, USA.Search for more papers by this authorMichael W. Smyser, Michael W. SmyserSearch for more papers by this authorShahid S. Hamid, Shahid S. Hamid The first and third authors are from Florida International University, Miami, and the second author is from Southern University, Baton Rouge. They would like to thank Simon Pak and Ali Parhizgari for helpful comments and suggestions and Frederick Mishkin for providing the data used in this study. Any remaining errors are the author's responsibility.Search for more papers by this author Arun J. Prakash, Corresponding Author Arun J. PrakashAddress for correspondence: Arun J. Prakash, BA Bldg. 208B, Department of Finance, Florida International University, Miami, FL 33199, USA.Search for more papers by this authorMichael W. Smyser, Michael W. SmyserSearch for more papers by this authorShahid S. Hamid, Shahid S. Hamid The first and third authors are from Florida International University, Miami, and the second author is from Southern University, Baton Rouge. They would like to thank Simon Pak and Ali Parhizgari for helpful comments and suggestions and Frederick Mishkin for providing the data used in this study. Any remaining errors are the author's responsibility.Search for more papers by this author First published: September 1995 https://doi.org/10.1111/j.1468-5957.1995.tb00388.x AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Volume22, Issue6September 1995Pages 769-788 RelatedInformation