DISCUSSION.

The article presents discussion regarding research on the empirical methodology of testing bond trading processes and the importance of synchronizing actual transaction prices across corporate bonds with different characteristics. The article mentions research done by Fung and Rudd, Judy E. Maese, Robert J. Rogowski and Eric H. Sorenson. The article states that the effects of the seasoning process and underwriting cost on bond yield behavior may not be as large as previously thought, and the author comments on ideas for further research.