Verwandte Artikel zu The Valuation of Convertible Bonds (Classic Reprint)
Inhaltsangabe
Understand how investors price convertible bonds by weighing risk, returns, and market signals. This book presents a rigorous look at how different risk measures shape option values and required returns. It explains how moments like variance, skewness, and kurtosis are used to explain prices and to test portfolio efficiency, using convertible bonds as the focus.
- Learn why simple value estimates often miss key risks and how higher moments improve explanations of option prices.
- See how regression models use risk measures to connect stock growth, volatility, and market factors to investor demands.
- Explore how past growth, stock volatility, and issue timing influence the price of the conversion option.
- Understand how researchers test claims against real data from bonds issued over several decades.
Ideal for readers of finance, fixed-income markets, and investment analysis seeking a deeper view of convertible bond valuation.
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The Valuation of Convertible Bonds (Classic Reprint)
Print-on-DemandAnbieter: Forgotten Books, London, Vereinigtes Königreich
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Paperback. Zustand: New. Print on Demand. This book delves into the complex world of convertible bonds, securities that can be exchanged for common stock at the holder's discretion. The author guides the reader through the intricacies of these financial instruments, examining their features, valuation, and the factors influencing their price. The book explores the historical context of convertible bonds, drawing on data from the mid-20th century to illustrate how these bonds were utilized in the past and the rationale behind their popularity. Through insightful analysis, the author investigates the relationship between the value of convertible bonds and the volatility of underlying stock prices, straight debt values, and bond yields. The author also examines how investors assess the risk associated with convertible bonds, considering factors such as expected value, variance, skewness, and kurtosis. The book's findings offer a unique perspective on investor behavior, shedding light on their risk preferences and how they perceive potential gains and losses. Ultimately, the author demonstrates the crucial role that risk and investor foresight play in the valuation of convertible bonds, providing valuable insights into the complex interplay between financial instruments and market dynamics. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781332286362_0
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The Valuation of Convertible Bonds (Classic Reprint)
Anbieter: PBShop.store US, Wood Dale, IL, USA
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781332286362
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The Valuation of Convertible Bonds (Classic Reprint)
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
Verkäuferbewertung 5 von 5 Sternen
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781332286362
Neu kaufen
EUR 25,35
EUR 3,92 Versand
Versand von Vereinigtes Königreich nach USA
Versand von Vereinigtes Königreich nach USA
Anzahl: 15 verfügbar