firms to volatility in regulatory costs, but are typically accompanied by property rights in the form of grandfathered …

Brownian motion. Finally, we derive pricing bounds for convertible bonds in an uncertain volatility model, i.e. when the … volatility of the firm value process lies between two extreme values. -- Convertible bond ; game option ; uncertain volatility …

bounds for convertible bonds are derived in an uncertain volatility model, i.e. when the volatility of the stock price …