Table 6 Underpricing statistics for different maturity classes
From: A simple and precise method for pricing convertible bond with credit risk
Maturity | Observations | Underpricing | |||
---|---|---|---|---|---|
Mean (in percentage) | Standard (in percentage) | Maximum (in percentage) | Minimum (in percentage) | ||
⩽8 years | 82 998 | −0.13 | 1.37 | 0.79 | −1.08 |
>8 years | 2610 | 1.67 | 2.03 | 2.24 | 0.58 |