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The Replacement of an Existing Bond Issue with a New

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The replacement of an existing bond issue with a new one is called refunding.


Definitions:

Degrees Of Freedom

The number of values in a statistical calculation that are free to vary without violating the constraints of the calculation.

Critical Values

Specific points on the scale of a test statistic beyond which the null hypothesis is rejected in favor of the alternative hypothesis.

Two-Tailed

A hypothesis test that allows for the possibility of an effect in two directions, either less than or greater than a specified range.

Pearson Correlation

A statistical measure that evaluates the linear relationship between two continuous variables.

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