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On the Determination, by Means of Bond-Value Tables, of the Rate Yielded by a Redeemable Bond When Income Tax is Taken into Account

Published online by Cambridge University Press:  18 August 2016

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Abstract

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Type
Actuarial Notes
Information
Journal of the Institute of Actuaries , Volume 49 , Issue 4 , October 1915 , pp. 366 - 369
Copyright
Copyright © Institute and Faculty of Actuaries 1915

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References

page 367 note * For terms under 3 years θ differs considerably from ⅔, but that value may nevertheless be used without causing any considerable error in the result because K is necessarily small in such cases.