In November 2000, the money manager must make a decision on the placement of convertible bonds Corning. Analysis requires an understanding of it is comparable ratios are available from standard descriptive to those available from the cost analysis. This case is designed for the first exercise of the student in the analysis of convertible bonds and assumes some familiarity with the option pricing theory and communication evaluation. In addition, in the case emphasizes the importance of going beyond the limits of convertible bond calculations. Corning stock volatility increased in the past year, and makes a call option more valuable, but at the same time, Corning, seems issue addressed at a time when both its stock price and estimates of the stock market are at historic highs. Thus, it is important that the student "an opinion" on the stability assessment of the stock market and the prospects Corning. "Hide
by Robert F. Bruner, Jessica Chen, Sean Carr Source: Darden School of Business 22 pages. Publication Date: September 21, 2001. Prod. #: UV2487-PDF-ENG
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