Pricing convertible bonds

by Kevin B. Connolly

"The Convertible Bonds (CB) market is growing all the time. To date, over one trillion dollars worth of CBs are in circulation. Corporations are finding this source of fund-raising more and more attractive. And for different reasons, the buyers are finding CBs increasingly attractive investment vehicles. Kevin Connolly has put together an excellent treatment of pricing convertible bonds, some of the chapters are: Returns distributions and associated descriptive statistics Modelling the share price process The basic convertible bond model Introducing the complications Convertible bond sensitivities Using equity warrent models to price CBs Refix clausesFund managers, hedge players/traders, undergraduates and post-graduates will all find this book invaluable. Easy to understand software based on Microsoft Excel spreadsheets is also supplied."--Publisher description.