英文标题：
《Tax Bond Creation Using a Structural Model and its Extensions》
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作者：
Suren Harutyunyan
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最新提交年份：
2015
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英文摘要：
This article describes and explores taxes and debt in finance. Here a situation is thought about, where tax payments would qualify to be considered as debt. Using this principle we can infer that it is possible to create and price a type of bond (Tax Normalization Guarantee) for companies, which would allow them to enter in temporary tax breaks to allow them to free capital. Finally it is explored a way to structure these bonds in financial products and valuate them.
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中文摘要：
本文描述并探讨了金融业中的税收和债务。这里考虑的是一种情况，即纳税有资格被视为债务。利用这一原则，我们可以推断，有可能为企业创建一种债券（税收正常化担保）并为其定价，这将允许它们进入临时税收减免，以释放资本。最后，本文探讨了在金融产品中构建这些债券并对其进行估值的方法。
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分类信息：

一级分类：Quantitative Finance 数量金融学
二级分类：Pricing of Securities 证券定价
分类描述：Valuation and hedging of financial securities, their derivatives, and structured products
金融证券及其衍生产品和结构化产品的估值和套期保值
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