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Showing 1 to 1 of 1 for “"Tax incentives -- United States."”.
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Tax effects and term structure measurement.
For investors in a given tax bracket, bonds with certain combinations of price and maturity may dominate other bonds. If markets are complete, S. M. Schaefer proved that a prohibition on short sales will give rise to tax-induced clienteles. Thus, bonds classified into groups by price and maturity …