Pricing Convertible Bonds Contributor(s): Connolly, Kevin B. (Author) |
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ISBN: 0471978728 ISBN-13: 9780471978725 Publisher: Wiley OUR PRICE: $164.35 Product Type: Hardcover - Other Formats Published: October 1998 Annotation: The Convertible Bonds (CB) market is growing all the time. To date, over one trillion dollars worth of CBs are in circulation. Corporations are finding this source of fund-raising more and more attractive. And for different reasons, the buyers are finding CBs increasingly attractive investment vehicles. Kevin Connolly has put together an excellent treatment of pricing convertible bonds, some of the chapters are:
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Additional Information |
BISAC Categories: - Business & Economics | Investments & Securities - Bonds - Business & Economics | Finance - General |
Dewey: 332.632 |
LCCN: 98-19146 |
Series: Wiley Trader's Exchange |
Physical Information: 0.94" H x 6.2" W x 9.36" (1.24 lbs) 225 pages |
Descriptions, Reviews, Etc. |
Publisher Description: The Convertible Bonds (CB) market is growing all the time. To date, over one trillion dollars worth of CBs are in circulation.Corporations are finding this source of fund-raising more and moreattractive. And for different reasons, the buyers are finding CBsincreasingly attractive investment vehicles. There are few works on the subject of pricing convertible bonds.Most books discussing derivative products cover all details ofpricing futures and options in minute detail. Convertible bonds andwarrants are usually mentioned as an after thought in the latterchapters. This is the first book to address the very complex issueof pricing convertible bonds. Kevin Connolly, Researcher of complex volatility trading for RefcoOverseas Ltd. and Lecturer at City University Business School andLondon Guildhall University, has put together an excellenttreatment of pricing convertible bonds, delving into topics suchas: * Returns distributions and associated descriptive statistics * Modeling the share price process * The basic convertible bond model * Introducing the complications * Convertible bond sensitivities * Using equity warrant models to price CBs * Refix clauses Fund managers, hedge players/traders, undergraduates andpostgraduates will find this book invaluable. Easy to understandsoftware on Microsoft Excel spreadsheets is also supplied. |