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Convertible bonds
Author(s): Kamil LiberadzkiSubject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: convertible bonds; hybrid bonds; commercial bonds
Summary/Abstract: Convertible bonds offer safety of a fixed-income instrument to an investor coupled with the participation in the equity markets. These securities may be issued with a call or put options allowing prepayment before the maturity date. In this article a binomial setup to the problem of pricing convertible bonds in the presence of embedded options is used. The case study is based on MCI Management SA bonds.
Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
- Issue Year: 2011
- Issue No: 158
- Page Range: 999-1008
- Page Count: 10
- Language: Polish