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Exchangeable Convertible Bond Valuation
- Author(s):
- Tim Xiao (see profile)
- Date:
- 2022
- Group(s):
- Business Management
- Subject(s):
- Derivative securities, Corporations--Valuation
- Item Type:
- Essay
- Tag(s):
- convertible bond, exchangeable
- Permanent URL:
- https://doi.org/10.17613/3sb1-yr56
- Abstract:
- A convertible bond with exchangeable feature, which can be converted into a stock issued by a party different from the bond issuer. Assume that the stock conversion is vulnerable. If the bond-issuer has defaulted by a time, t , then the stock price is zero. If, on the other hand, the bond-issuer has not defaulted by time t , then the stock price is given by St or 0.
- Notes:
- https://finpricing.com/lib/EqConvertible.html
- Metadata:
- xml
- Status:
- Published
- Last Updated:
- 8 months ago
- License:
- Attribution
exchangeableconvertible.pdf