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important subgroup is convertibles linked to a price index or exchange rate. In this paper we extend the convertible pricing … establish upper and lower bounds for the price of the indexed convertible. We approximate the pricing equations by using …, we demonstrate the usefulnes and the limitations of the pricing model by using convertible traded on the Tel- Aviv stock …
Persistent link: https://www.econbiz.de/10005561658
This note shows that, with pre-set price and capital decisions of firms facing uncertainty and financial market imperfections, price, mark up and the expected degree of capacity utilization (resp. capital) decreases (resp. increases) with the firm internal net worth.
Persistent link: https://www.econbiz.de/10005134898
In this paper we compare market prices of credit default swaps with model prices. We show that a simple reduced form model with a constant recovery rate outperforms the market practice of directly comparing bonds' credit spreads to default swap premiums. We find that the model works well for...
Persistent link: https://www.econbiz.de/10005413092
We propose and empirically study a pricing model for convertible bonds based on Monte Carlo simulation. The method uses … parametric representations of the early exercise decisions and consists of two stages. Pricing convertible bonds with the … pricing study of the US market, using 32 convertible bonds and 69 months of daily market prices. Our results do not confirm …
Persistent link: https://www.econbiz.de/10005413169
services via Internet. The remote banking become one of the main channels for bank services distribution. The Internet … expansion of the Bulgarian banks is at its beginning. The showed results are based on the Internet research, which has aimed to … describe actual picture of Bulgarian banks present in Internet. …
Persistent link: https://www.econbiz.de/10005561755
and services via Internet. The remote banking becomes one of the main channels for bank services distribution. This paper … services available via Internet; online application forms; online banking application; other online/remote services. In spite … of the small number of Bulgarian banks, which offer their products and services via Internet, the research shows that …
Persistent link: https://www.econbiz.de/10005076976
services via Internet. The remote banking become one of the main channels for bank services distribution. The Internet … expansion of the Bulgarian banks is at its beginning. The showed results are based on the Internet research, which has aimed to … describe actual picture of Bulgarian banks present in Internet. …
Persistent link: https://www.econbiz.de/10005077027