AS you'd expect, convertible prices
are icy flat, and there are some stonking deals at auction at the moment.
Working one period back, the convertible prices are calculated and the points are found where the issuer can call the bond.
Using historical convertible prices, we employ the Marquardt algorithm (Marquardt, 1963) to search for the model parameters that minimize the squared sum of residuals between model-predicted prices and market prices.
(14) This technique allows estimation not just of the parameters of the hazard function but also of the characteristics of the convertible bonds such as volatility and dividend yields that are implied by the convertible prices.
will start at pounds 55,355 for what will become an instant collector's item, with an automatic option lifting the price to pounds 56,705 in 645Ci guise, and in due course other engine options will be added.
Will the shortage of used cars mean that values will stay high - or will the winter weather depress convertible prices
? QUENTIN SAYS: Buy in January while the market's seasonally subdued and private sellers are hungry for cash.
BMW 3 Series saloon, coupe, touring and convertible prices
will rise by an average of one per cent from May 1, but the recentlylaunched Compact won't change.