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The Pricing of Low Exercise Price Options
Easton, Stephen A.; Pinder, Sean M. - In: Australian Journal of Management 23 (1998) 2, pp. 203-212
This paper examines the pricing of Low Exercise Price Options (LEPOs) listed on the Australian Stock Exchange. The cost …
Persistent link: https://www.econbiz.de/10010769330
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Put Call Parity: An Extension of Boundary Conditions
Gray, Stephen F. - In: Australian Journal of Management 14 (1989) 2, pp. 151-169
-return relationships in the Australian exchange traded options market over the sample period. …
Persistent link: https://www.econbiz.de/10010769478
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Distortions Created by Taxes Which are Options on Value Creation: The Australian Resources Rent Tax Proposal
Ball, Ray; Bowers, John - In: Australian Journal of Management 8 (1983) 2, pp. 1-14
valuation formula, we then demonstrate that the effective incidence of the tax depends upon each project's risks, life and …
Persistent link: https://www.econbiz.de/10010769571
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Inflation Insurance for Australian Annuitants
Formica, Andrew; Kingston, Geoffrey - In: Australian Journal of Management 16 (1991) 2, pp. 145-163
analogies between inflation insurance of annuity streams and sequences of call options on synthetic CPI futures, we estimate the …
Persistent link: https://www.econbiz.de/10011135738
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The Pricing of Markedâ€toâ€Market Contingent Claims in a Noâ€Arbitrage Economy
Satchell, Stephen E.; Stapleton, Richard C.; … - In: Australian Journal of Management 22 (1997) 1, pp. 1-20
conditions for the valuation of options using a Blackâ€Scholes type methodology. It is shown that the price of a futuresâ …
Persistent link: https://www.econbiz.de/10011135784
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Share Capitalization Changes, Information, And the Australian Equity Market
Ball, Ray; Brown, Philip; Finn, Frank J. - In: Australian Journal of Management 2 (1977) 2, pp. 105-125
Bonus issues, share splits and rights issues are studied in a replication and extension of the classic Fama, Fisher, Jensen and Roll study. On the Melbourne exchange, each category on average is associated with positive abnormal returns. However, the market does not appear to value bonuses or...
Persistent link: https://www.econbiz.de/10010769266
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Equity Market Valuation: Assessing the Adequacy of Value Measures to Predict Index Returns
Guido, Ron; Walsh, Kathleen - In: Australian Journal of Management 26 (2001) 2, pp. 163-196
efficiency, where the use of publicly available information, namely a fundamental valuation measure using consensus analysts …
Persistent link: https://www.econbiz.de/10010769336
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Persistence in Growth Versus Market Expectations
Hall, Jason; Tochterman, Matthew - In: Australian Journal of Management 33 (2008) 1, pp. 169-199
. However, there is little evidence that valuation ratios—measured as revenue, earnings or book value of equity relative to …
Persistent link: https://www.econbiz.de/10010769551