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- 2011-7-2
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janakisri Wrote:
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> It does say "resembles a call option" . The bond holders are not the ones to "pay" on the call
> option. The market (short-sellers in stock market) do that .
>
Please read the statements on P.251. It is stated that "the payoffs to the stockholders resemble those of a call option" |
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发表于 2011-7-13 17:23
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