Synopsis
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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Présentation de l'éditeur
This book was originally published prior to 1923, and represents a reproduction of an important historical work, maintaining the same format as the original work. While some publishers have opted to apply OCR (optical character recognition) technology to the process, we believe this leads to sub-optimal results (frequent typographical errors, strange characters and confusing formatting) and does not adequately preserve the historical character of the original artifact. We believe this work is culturally important in its original archival form. While we strive to adequately clean and digitally enhance the original work, there are occasionally instances where imperfections such as blurred or missing pages, poor pictures or errant marks may have been introduced due to either the quality of the original work or the scanning process itself. Despite these occasional imperfections, we have brought it back into print as part of our ongoing global book preservation commitment, providing customers with access to the best possible historical reprints. We appreciate your understanding of these occasional imperfections, and sincerely hope you enjoy seeing the book in a format as close as possible to that intended by the original publisher.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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The Valuation of Convertible Bonds (Classic Reprint)
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
Évaluation du vendeur 4 sur 5 étoiles
Paperback. Etat : 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. N° de réf. du vendeur 9781332286362_0
Acheter neuf
EUR 16,10
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Expédition depuis Royaume-Uni vers Etats-Unis
Expédition depuis Royaume-Uni vers Etats-Unis
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The Valuation of Convertible Bonds (Classic Reprint)
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781332286362
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EUR 25,54
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Expédition nationale : Etats-Unis
Expédition nationale : Etats-Unis
Quantité disponible : 15 disponible(s)
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The Valuation of Convertible Bonds (Classic Reprint)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781332286362
Acheter neuf
EUR 24,89
Expédition à EUR 3,85
Expédition depuis Royaume-Uni vers Etats-Unis
Expédition depuis Royaume-Uni vers Etats-Unis
Quantité disponible : 15 disponible(s)