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An Estimate of Convertible Bond Premiums: Comment
Published online by Cambridge University Press: 19 October 2009
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Professor Jennings, in his recent article [2], developed a model to estimate convertible bond premiums. The model incorporates the capital asset pricing model to evaluate convertible bonds. The purpose of this comment is not to criticize the general development of the model but to point out flaws in its implementation which influence Jennings' empirical results.
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- Copyright © School of Business Administration, University of Washington 1975
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