Title :
Empirical Analysis of Separable Convertible Pricing
Author :
Chen Hongming ; Gao Yuanyuan
Author_Institution :
Sch. of Economic & Manage., Changsha Univ. of Sci. & Technol., Changsha, China
Abstract :
This paper mainly choose three issued separate stock options and bond trading of convertible bonds which issued in 2008 in China: samples as follows, State Power CWB1, COSCOL and Baosteel CWB1,and from a empirical point of view to analysis the price of these bonds and warrants. Obtained the conclusions that the bond portion has the investment value, analysis the reason of some theoretical warrant price and actual price´s deviation.
Keywords :
commerce; pricing; Baosteel CWB1; COSCOL; State Power CWB1; bond trading; convertible bonds; investment value; price deviation; separable convertible pricing; stock options; warrant price; Analytical models; Biological system modeling; Economic indicators; Europe; Face; Investments; Pricing; BS model; detachable convertible bonds; warrants;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.994
