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Original Articles

Wealth transfers and the initial pricing of PERCS

Pages 190-193 | Published online: 05 Oct 2010

References

  • Black , F. and Scholes , M. 1973 . The pricing of options and corporate liabilities . Journal of Political Economy , 81 : 637 – 659 .
  • Block , S. 1992 . New investments PERCS: high yield limited growth . AAII Journal , 14 ( 10 ) : 11 – 14 .
  • Brown , S. J. and Warner , J. B. 1985 . Using daily stock returns: the case of event studies . Journal of Financial Economics , 14 : 3 – 31 .
  • Chen , A. , Kennsinger , J. and Pu , H. 1994 . An analysis of PERCS . The Journal of Financial Engineering , 3 ( 2 )
  • Finnerty , J. D. Financial engineering in practice: an analysis of PERCS . Paper presented at the 1993 Annual Meeting of Financial Management Association . October , Toronto, Canada.
  • Jarrow , R. and O'Hara , M. 1989 . Primes and scores: an essay on market imperfections . Journal of Finance , 44 ( 5 ) : 1263 – 1287 .
  • Latane , H. and Rendleman , R. Jr . 1976 . Standard deviation of stock price ratios implied in option prices . Journal of Finance , 31 : 369 – 389 .

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