A study on the effect of dilutions and buybacks on the pricing of equity and stock based claims using a finite difference mesh
| dc.contributor.advisor | Ouwehand, Peter | |
| dc.contributor.author | Boynton, Matthew | |
| dc.date.accessioned | 2023-06-27T12:57:25Z | |
| dc.date.available | 2023-06-27T12:57:25Z | |
| dc.date.issued | 2023 | |
| dc.date.updated | 2023-06-27T12:55:38Z | |
| dc.description.abstract | We study a model of the firm, with perpetual debt and a continuously payable coupon as well as the possibility to raise cash via equity issuance. Excess cash is paid back to shareholders either via dividends or via buybacks. The number of shares changes when equity is issued and when the firm buys back shares. Using this model we track the total number of shares in issue. Then we use finite difference methods to investigate the differences in pricing options on a fixed portion of equity and options linked to the share price, as well as implications for American options on equity. | en_US |
| dc.identifier.apacitation | Boynton, M. (2023). <i>A study on the effect of dilutions and buybacks on the pricing of equity and stock based claims using a finite difference mesh</i>. (). ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/37973 | en_ZA |
| dc.identifier.chicagocitation | Boynton, Matthew. <i>"A study on the effect of dilutions and buybacks on the pricing of equity and stock based claims using a finite difference mesh."</i> ., ,Faculty of Commerce ,Department of Finance and Tax, 2023. http://hdl.handle.net/11427/37973 | en_ZA |
| dc.identifier.citation | Boynton, M. 2023. A study on the effect of dilutions and buybacks on the pricing of equity and stock based claims using a finite difference mesh. . ,Faculty of Commerce ,Department of Finance and Tax. http://hdl.handle.net/11427/37973 | en_ZA |
| dc.identifier.ris | TY - Thesis / Dissertation AU - Boynton, Matthew AB - We study a model of the firm, with perpetual debt and a continuously payable coupon as well as the possibility to raise cash via equity issuance. Excess cash is paid back to shareholders either via dividends or via buybacks. The number of shares changes when equity is issued and when the firm buys back shares. Using this model we track the total number of shares in issue. Then we use finite difference methods to investigate the differences in pricing options on a fixed portion of equity and options linked to the share price, as well as implications for American options on equity. DA - 2023 DB - OpenUCT DP - University of Cape Town KW - Mathematical Finance LK - https://open.uct.ac.za PY - 2023 T1 - A study on the effect of dilutions and buybacks on the pricing of equity and stock based claims using a finite difference mesh TI - A study on the effect of dilutions and buybacks on the pricing of equity and stock based claims using a finite difference mesh UR - http://hdl.handle.net/11427/37973 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/37973 | |
| dc.identifier.vancouvercitation | Boynton M. A study on the effect of dilutions and buybacks on the pricing of equity and stock based claims using a finite difference mesh. []. ,Faculty of Commerce ,Department of Finance and Tax, 2023 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/37973 | en_ZA |
| dc.language.rfc3066 | eng | |
| dc.publisher.department | Department of Finance and Tax | en_US |
| dc.publisher.faculty | Faculty of Commerce | en_US |
| dc.subject | Mathematical Finance | en_US |
| dc.title | A study on the effect of dilutions and buybacks on the pricing of equity and stock based claims using a finite difference mesh | en_US |
| dc.type | Thesis / Dissertation | en_US |