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Second, we derive analytically the comparative static properties of sinking-fund bonds under the same interest rate modeling setup.&lt;\/p&gt;&lt;\/abstract&gt;<\/jats:p>","DOI":"10.3934\/qfe.2022001","type":"journal-article","created":{"date-parts":[[2022,1,11]],"date-time":"2022-01-11T06:19:31Z","timestamp":1641881971000},"page":"1-34","source":"Crossref","is-referenced-by-count":2,"title":["Pricing and hedging bond options and sinking-fund bonds under the CIR model"],"prefix":"10.3934","volume":"6","author":[{"given":"Manuela","family":"Larguinho","sequence":"first","affiliation":[{"name":"Polytechnic of Coimbra, Coimbra Business School Research Centre \u2014 ISCAC, Coimbra, Portugal"},{"name":"Centro de Investiga\u00e7\u00e3o em Matem\u00e1tica e Aplica\u00e7\u00f5es, Instituto de Investiga\u00e7\u00e3o e Forma\u00e7\u00e3o Avan\u00e7ada, Universidade de \u00c9vora, \u00c9vora, Portugal"}]},{"given":"Jos\u00e9 Carlos","family":"Dias","sequence":"additional","affiliation":[{"name":"Iscte - Instituto Universit\u00e1rio de Lisboa, Lisbon, Portugal"},{"name":"Business Research Unit (BRU-IUL), Lisbon, Portugal"}]},{"given":"Carlos A.","family":"Braumann","sequence":"additional","affiliation":[{"name":"Centro de Investiga\u00e7\u00e3o em Matem\u00e1tica e Aplica\u00e7\u00f5es, Instituto de Investiga\u00e7\u00e3o e Forma\u00e7\u00e3o Avan\u00e7ada, Universidade de \u00c9vora, \u00c9vora, Portugal"},{"name":"Departamento de Matem\u00e1tica, Escola de Ci\u00eancias e Tecnologia, Universidade de \u00c9vora, \u00c9vora, Portugal"}]}],"member":"2321","reference":[{"key":"key-10.3934\/QFE.2022001-1","unstructured":"Abramowitz M, Stegun IA (1972) <i>Handbook of Mathematical Functions<\/i>, (Dover, New York)."},{"key":"key-10.3934\/QFE.2022001-2","doi-asserted-by":"publisher","unstructured":"Allegretto W, Lin Y, Yang H (2003) Numerical Pricing of American Put Options on Zero-Coupon Bonds. <i>Appl Numer Math<\/i> 46: 113\u2013134. https:\/\/doi.org\/10.1016\/S0168-9274(03)00034-5","DOI":"10.1016\/S0168-9274(03)00034-5"},{"key":"key-10.3934\/QFE.2022001-3","doi-asserted-by":"publisher","unstructured":"Alvarez LHR (2001) On the Form and Risk-Sensitivity of Zero Coupon Bonds for a Class of Interest Rate Models. <i>Insur Math Econ<\/i> 28: 83\u201390. https:\/\/doi.org\/10.1016\/S0167-6687(00)00068-8","DOI":"10.1016\/S0167-6687(00)00068-8"},{"key":"key-10.3934\/QFE.2022001-4","doi-asserted-by":"publisher","unstructured":"Bacinello AR, Ortu F, Stucchi P (1996) Valuation of Sinking-Fund Bonds in the Vasicek and CIR Frameworks. <i>Appl Math Financ<\/i> 3: 269\u2013294. https:\/\/doi.org\/10.1080\/13504869600000013","DOI":"10.1080\/13504869600000013"},{"key":"key-10.3934\/QFE.2022001-5","doi-asserted-by":"publisher","unstructured":"Benton D, Krishnamoorthy K (2003) Computing Discrete Mixtures of Continuous Distributions: Noncentral Chisquare, Noncentral <i>t<\/i> and the Distribution of the Square of the Sample Multiple Correlation Coefficient. <i>Comput Stat Data Anal<\/i> 43: 249\u2013267. https:\/\/doi.org\/10.1016\/S0167-9473(02)00283-9","DOI":"10.1016\/S0167-9473(02)00283-9"},{"key":"key-10.3934\/QFE.2022001-6","doi-asserted-by":"crossref","unstructured":"Brigo D, Mercurio F (2001) A Deterministic-Shift Extension of Analytically-Tractable and Time-Homogeneous Short-Rate Models. <i>Financ Stoch<\/i> 5: 369\u2013387.","DOI":"10.1007\/PL00013541"},{"key":"key-10.3934\/QFE.2022001-7","doi-asserted-by":"publisher","unstructured":"Carr P (2001) Deriving Derivatives of Derivative Securities. <i>J Comput Financ<\/i> 4: 5\u201329. https:\/\/10.1109\/CIFER.2000.844609","DOI":"10.1109\/CIFER.2000.844609"},{"key":"key-10.3934\/QFE.2022001-8","doi-asserted-by":"publisher","unstructured":"Chan KC, Karolyi GA, Longstaff FA, et al. 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