Commercial Loan Borrower’s Optimal Prepayment Decision by Using the Utility Function
碩士 === 銘傳大學 === 管理研究所 === 97 === Commercial loan borrowers meet random cash needs via three-period loans from the bank, but fluctuations in interest rates may justify paying off some outstanding loans before they mature. The objective is to minimize the expected present value of the interest and pre...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2009
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| Online Access: | http://ndltd.ncl.edu.tw/handle/y9qxed |