<t>it less about the about the models and more about the inputs and judgements that one use's in valuing a convert - for example it is almost impossible to find equivalent vols for many converts.no doubt. take a look at what most convert funds have been looking for over the past two years - not quan...

<t>i think its pretty much accurate. i've heard that most firms try to get their model to match bloomberg. the thing that might be valuable is anticipating changes in the way people model converts. for example, during the credit blow up in 2002, a lot of people got hammered because of their choice o...

<t>thank you for the translation, but i've taken my fair share of latin. i haven't followed this board in a month, but i'm suprised at how hostile it has become. it used to be much more constructive.my point is, that sure there are dumb americans and maybe the majority of americans are less informed...

<t>what i am thinking about (and i guess this is actually a practical question rather then theoretical) is for a fairly straightforward way to modify our convertible model without rebuilding it from the ground up. since we already have the interest rate tree, we are already modeling the rates (altho...

how about we start a lazy, increasingly inconsequential european thread?

<t>currently, the call decision at each node is based on the stock price (e.g. if parity of the bond is a certain percentage above the call price, the issuer will call it to force conversion). however, the current models do not take into account the issuer calls for refinancing. so over the past few...

<t>you know, that's precisely my point and we're in 100% agreement.cuchy made some extremely bigotted remarks in another thread about a group whose sexual activities he disapproved of, and justified it by saying it was a joke (maybe in cloud cuchy land but not anywhere else).making fun of people who...

i find this interesting. what would be the response, if instead of this being an irish joke thread, it were a black or jewish joke thread? what would be the response then?

Hello:Can anyone provide a link to information on the Energy markets that shows the overall size and projected growth for physical trading and derivative trading? I've checked out the FIA and FEA sites but can't seem to find anything. Any help would be appreciated.

for what its worth, i passed l1 in 2003 with only the study notes. i know a bunch of other people who did also

Just in case nobody noticed... you should count the number of letters in each word of my previous post... all i can say is wow.

<t>the formula for pricing a preferred is (Div)/(Req rtn). required return can be estimated a number of ways, but for a preferred, a fairly straight forward way is to look at the yield on a long dated bond from the same issuer and add an additional spread for subordination.for a convertible preferre...

hink that index is a touch biased - lots of different strategies there plus a little bit of reporting bias i would imagine?biased to the upside

<t>rumor has it that griffin isn't doing too well (converts in general aren't- goldman just put out a report saying that april was effectivley the worst month ever for convertible hedge funds. march was the second worst month and jan and feb weren't too good either). but apparently, his converts tra...

you can put a single quote (') in front of the number.