A study of convertible bond: optimal strategies and pricing.
In the first part, we propose a non-zero-sum stochastic game approach of pricing convertible bond under the framework that the capital structure of the firm involves tax rebate and endogenous default policy. Convertible bond is a hybrid security which embodies characteristics of both straight bond a...
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| Format: | Others |
| Language: | English Chinese |
| Published: |
2010
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| Online Access: | http://library.cuhk.edu.hk/record=b6074898 http://repository.lib.cuhk.edu.hk/en/item/cuhk-344531 |