期權(quán)期貨以及其他衍生品(1)-資料下載頁
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【正文】 any to executives ? When the option is exercised the pany issues more stock ? Usually atthemoney when issued Options, Futures, and Other Derivatives, 5th edition 169。 2021 by John C. Hull Executive Stock Options continued ? They bee vested after a period ot time ? They cannot be sold ? They often last for as long as 10 or 15 years Options, Futures, and Other Derivatives, 5th edition 169。 2021 by John C. Hull Convertible Bonds ? Convertible bonds are regular bonds that can be exchanged for equity at certain times in the future according to a predetermined exchange ratio Options, Futures, and Other Derivatives, 5th edition 169。 2021 by John C. Hull Convertible Bonds (continued) ? Very often a convertible is callable ? The call provision is a way in which the issuer can force conversion at a time earlier than the holder might otherwise choose
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