Description: This paper presents a theoretical approach to the valuation of options on bonds, a computer model for valuing such options, an application of options theory to evaluate the risk of call options on corporate bonds, and an application of options theory to price the risk of deposit antiselection on certain GICs sold to employee savings plans. From Transactions of Society of Actuaries 1985, Vol. 37.

Description: 1994 SOA Spring Meeting, Orlando. This session focused on the possible impacts of a return to higher interest rates and explored risk management strategies that may be appropriate.