Convertible Unsecured Loan Stocks

10 Pages Posted: 5 Apr 2010

See all articles by Robert M. Conroy

Robert M. Conroy

University of Virginia - Darden School of Business


This case concerns an analyst who must value a new type of derivative. Three versions of the derivative are described in the case, each requiring a different valuation approach. The case is an exercise in thinking about what the payoff of a derivative is and, based on that, how it should be valued.

Keywords: option valuation, derivatives

Suggested Citation

Conroy, Robert M., Convertible Unsecured Loan Stocks. Darden Case No. UVA-F-1228, Available at SSRN: or

Robert M. Conroy (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States


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