1998•McGraw-Hill eBooksRequires access

Convertible securities : the latest instruments, portfolio strategies, and valuation analysis

John P. Calamos

Abstract

Part I: Introducing Convertible Securities. Introduction. Overview of Convertible Securities. Characteristics of Convertible Bonds. New Convertibles: Equity-Linked Securities. Related Securities: Warrants, LEAPS, and Synthetics. The Global Convertible Market. Part II: Convertible Evaluation. Anatomy of a Convertible Bond. Convertible Bond Pricing. Applying the Calamos Theoretical Fair Price Model for Convertibles. Estimating Risk and Reward of Convertibles. Part III: Convertible Strategies. Convertible Bond Strategies. Convertible Preferreds for Corporate Investors. Convertible Hedging. Convertible Hedging with Put Options. Convertible Performance. Raising Capital with Convertible Securities. The Importance of Long-Term Focus.

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Key concepts: Convertible bond, Convertible arbitrage, Convertible, Market neutral, Business, Embedded option, Equity (law), Hybrid security