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Indian banks are issuing these things in current_year. You can just buy them. Do you have an argument about why the formula used for pricing these bonds is inco
by anonymoushn 4y ago
Indian banks are issuing these things in current_year. You can just buy them. Do you have an argument about why the formula used for pricing these bonds is incorrect? What do you think about a related financial instrument backed by sovereign bonds that are rolled at expiry? Is it also impossible?
- csande17 4y agoI expect that the price of debt issued by Indian banks correctly incorporates the probability that those banks will continue to exist and honor that debt until the end of time, which is 0.