convertible preferred stocks
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We assess market valuation of airline convertible preferred stocks using a contingent claims valuation model that was extensively tested by Ramanlal et al. (Rev Quant Financ Account 10:303-319, 1998). Our sample consists of 4,096 daily price observations of 11 convertible preferred stocks issued by the U.S. airlines in 1980-1991. For each convertible we estimate daily model prices for 2 years after issuance and compare them with market prices by calculating pricing errors. While the entire sample's mean pricing error is found to be negative 3.8%, the panel data analysis and the mean pricing errors of the sub-samples indicate that the undervaluation is much more severe in the first 6 months of trading. The results suggest that airlines leave about 10% on the table when they raise capital...
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DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/d69db8/preferred_stocks) has announced the addition of the "Preferred Stock...
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Environmental Power Corp. has announced that it would privately place convertible preferred stocks and warrants to purchase $15 million in common stoc...
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DALLAS -- The Board of Directors of Capstead Mortgage Corporation (NYSE: CMO) announced today that it will pay a regular monthly dividend of $0.105 pe...
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DALLAS -- The Board of Directors of Capstead Mortgage Corporation (NYSE: CMO) announced today that it will pay a regular monthly dividend of $0.105 pe...
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DALLAS -- The Board of Directors of Capstead Mortgage Corporation (NYSE: CMO) announced today that it will pay a regular monthly dividend of $0.105 pe...
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DALLAS -- The Board of Directors of Capstead Mortgage Corporation (NYSE: CMO) announced today that it will pay a regular monthly dividend of $0.105 pe...
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DALLAS -- The Board of Directors of Capstead Mortgage Corporation (NYSE: CMO) announced today that it will pay a regular monthly dividend of $0.105 pe...
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DALLAS -- The Board of Directors of Capstead Mortgage Corporation (NYSE: CMO) announced today that it will pay a regular monthly dividend of $0.105 pe...
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DALLAS -- The Board of Directors of Capstead Mortgage Corporation (NYSE:CMO) announced today that it will pay a regular monthly dividend of $0.105 per...