A discounted cash-flow model of convertibles subject to multiple calls in a world of refunding costs and stochastic interest rates
JA Murphy - Southern Economic Journal, 1989 - JSTOR
Fixed-income securities which can be converted into other assets such as common stock
represent a sizable portion of the capital market [33], and have therefore received frequent …
represent a sizable portion of the capital market [33], and have therefore received frequent …
Subject to Multiple Calls in a World of Refunding
JA MURPHY - search.proquest.com
A model for convertibles that is consistent with both corporate call practice and empirically
observed market prices is developed. The model, which uses a discounted cash flow …
observed market prices is developed. The model, which uses a discounted cash flow …
[BOOK][B] An examination of pricing efficiency in the offering of convertible debt securities
DA Taylor - 1999 - search.proquest.com
This study evaluates the relative pricing efficiency of convertible debt offerings by comparing
the wealth of the convertible bond at its termination with the termination date wealth of an …
the wealth of the convertible bond at its termination with the termination date wealth of an …
[CITATION][C] J. AUSTIN MURPHY
FHLB Board - Southern Economic Journal, 1989 - Southern Economic Association