Error title
Some error text about your books and stuff.
Close

Pricing Corporate Securities as Contingent Claims

by Kenneth D. Garbade

  • ISBN: 9780262072236
  • ISBN10: 0262072238

Pricing Corporate Securities as Contingent Claims

by Kenneth D. Garbade

  • List Price: $48.00
  • Binding: Hardcover
  • Publisher: Mit Pr
  • Publish date: 12/01/2001
  • ISBN: 9780262072236
  • ISBN10: 0262072238
used Add to Cart $45.00
You save: 6%
Marketplace Item
new Add to Cart $57.46
Marketplace Item
Description: In 1973, Fischer Black, Myron Scholes, and Robert Merton pointed out that securities issued by a corporation can be priced as claims whose values are contingent on the value of the enterprise as a whole. The notion of treating corporate securities as contingent claims is intrinsically important, but it is also important because it integrates a variety of otherwise loosely related topics, including equity risk, credit risk, seniority and subordination, early redemption of callable debt, and conversion of convertible debt.

Bringing together developments from the past thirty years in contingent valuation, this book examines the relative value of securities in a corporations capital structure, including debt of different priorities, convertible debt, common stock, and warrants. The book emphasizes the importance of accounting for the institutional characteristics of default, bankruptcy, and voluntary recapitalization of a financially distressed firm, as well as the exercise of managerial discretion in calling debt for early redemption, servicing debt, paying dividends to common shareholders, and undertaking strategic actions such as leveraged recapitalizations and spin-offs.
Expand description
Seller Condition Comments Price  
Seller: Avon Hill Books
Location: Cambridge, MA
Condition: Like New
0262072238. Marker on bottom edge.; "In this book Kenneth Garbade brings
[...]
Price:
$45.00
Comments:
0262072238. Marker on bottom edge.; "In this book Kenneth Garbade brings
[...]
Seller: Ergodebooks
Location: Richmond, TX Ask seller a question
Condition: Good
Buy with confidence. Excellent Customer Service & Return policy.Ships Fast. 24*7 Customer Service.
Price:
$55.89
Comments:
Buy with confidence. Excellent Customer Service & Return policy.Ships Fast. 24*7 Customer Service.
Seller: Ergodebooks
Location: Richmond, TX Ask seller a question
Condition: New
Buy with confidence. Excellent Customer Service & Return policy.Ships Fast. 24*7 Customer Service.
Price:
$57.46
Comments:
Buy with confidence. Excellent Customer Service & Return policy.Ships Fast. 24*7 Customer Service.
please wait
Please Wait

Notify Me When Available

Enter your email address below,
and we'll contact you when your school adds course materials for
.
Enter your email address below, and we'll contact you when is back in stock (ISBN: ).