Re: [Quantlib-dev] Re: Quantlib-dev digest, Vol 1 #441 - 2 msgs

[Luigi B. <lui...@gm...>]

On 04/20/2006 10:54:02 PM, TB...@ao... wrote:
>=20
>> My preferred approach  is to model the stock price less the PV of =20
>> the dividends and then add dividends  in. This is described in my =20
>> book. It has the advantage of being consistent with  the way =20
>> European options are valued using Black-Scholes and is widely used =20
>> in  practice.
>> John  Hull
>=20
> This means that what we had previously during early days of =20
> development of Convertible Bonds engine was correct.

Theo,
	apologies for the delay. Yes, the idea was correct---but I =20
think the implementation was not. However, go ahead and draft an =20
implementation.

Later,
	Luigi


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I'd never join any club that would have the likes of me as a member.
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