... Financial Obligations,” Journal of Finance 36, 1981, pp 97111 A Comprehensive Quantitative Model For Analyzing Bond Refunding Decisions 27 Maris, B .A. , “Analysis of Bond Refunding with Overlapping ... and A. J Kalotay, “Optimal Bond Calling and Refunding, ” Interfaces 9, 1979, pp 36-49 Brennan, M.J and E.S Schwartz, “Savings Bonds, Retractable Bonds and Callable Bonds,” Journal of Financial Economics ... in any comprehensive bond refunding analysis This paper describes a quantitative model which allows a comprehensive analysis of bond refunding by including both fixed-rate and floating-rate bonds...