A Theory and An Econometric Model for Common Stock Purchase Warrants

A Theory and An Econometric Model for Common Stock Purchase Warrants

by S. T. Kassouf (Sheen T. Kassouf)

Book Description: Analytical Pubulishers Company, Brooklyn, NY, 1965. Soft cover. 1st Edition. 8vo - over 7¾ - 9¾" tall. Softcover, Trade Paperback, Blue card wrappers with black printed title to cover, First Edition, 1965. Inscribed by author, "For Donald Mack with best regards Sheen T Kassouf" (Don Mack was owner of the Los Angeles Bookstore "The Investment Centre" in the 1980s.)

Book Condition: Very Good, general shelfwear, covers gently rubbed and light soil, small tear to cover near top spine (1/8"), slightest hint of bio-damage to front cover near bottom spine, corners gently bumped, internally very clean, no marks. No dust jacket.

Contents: Preface, List of Illustrations, Introduction, Chapter I. A GENERAL THEORY OF WARRANT PRICE, Definition, Warrant Price As a factor of Common Stock Price, Formation of Investors' Price Expectations, Decision Making: A First Approximation, The Subjective Value of Money, Decision Making: A Optimum Procedure, Individual and Aggregate Demand Curves; The Equilibrium Price of Warrant, Inferences Concerning Utility and Expectations, Summary, Chapter II. A PRIORI CONSIDERATIONS FOR AN ECONOMETRIC MODEL FOR WARRANT PRICES, Purpose of the Model, Expectations and Risk-Attitudes As Determinants of QT, The Exercise Price - a, The Length of the Option Period - t. The Dividend Yield on the Common - r, The Potential Dilution - d, The Form for a Model, An Indirect, Chapter III. TESTING THE ECONOMETRIC MODELS, The Warrants Under Study, The Results, Extensions of the Study, Concluding Remarks -- Appendixes, A. LISTING OF THE SAMPLE OBSERVATIONS, B. LISTING OF THE DELETED OBSERVATIONS, BIBLIOGRAPHY. --

About the Author: Sheen T. Kassouf was an Economist and co-author of the book, "Beat the Market" with Edward O. Thorp published in 1967. Both Kassouf and Thorp are widely regarded as the godfathers of Wall Street's "Quants." Kassouf published "A Theory and An Econometric Model for Common Stock Purchase Warrants" in 1965 which was his first year as Assistant Professor of Economics at UC Irvine after receiving his Ph.D. in Economics from Columbia University that same year. He later become Professor at UC Irvine. Kassouf passed away in 2006. -- Extremely Scarce title, inscribed by author. Highly Collectible.

Status: SOLD Nov. 23, 2014 to Private Collector in UK.