PT  - JOURNAL ARTICLE
AU  - Robert A. Jarrow
AU  - Donald R. van Deventer
TI  - A Practical Guide to the Valuation of Coupon-Bearing Fixed Income Securities
AID  - 10.3905/jfi.2023.1.157
DP  - 2023 Feb 27
TA  - The Journal of Fixed Income
PG  - jfi.2023.1.157
4099  - https://pm-research.com/content/early/2023/02/27/jfi.2023.1.157.short
4100  - https://pm-research.com/content/early/2023/02/27/jfi.2023.1.157.full
AB  - The purpose of this article is to illustrate the use of reduced-form credit risk models for valuing defaultable coupon-bearing securities, such as risky sovereign bonds, corporate bonds, and retail loans like auto loans and mortgage loans. We focus on issues in the application of these models and not the mathematical derivations of the formulas employed.