If the bank stayed in business the preferred had to trade up near its call price.
This law rules the world of technology because of what economists call price elasticity of demand.
That happens as the issue reaches its maturity date or once the conversion value exceeds its call price, since it can then be called anytime.
As the first-call date looms, bonds will naturally move towards the call price as market players expect them to be called, or will at least price in the possibility.
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Unlike a store, a marketplace allows for what economists call price discovery: If buyers think the pomegranates are too expensive at one stall, they are free to wander over to another and try to get a better deal.
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In general, one buys a call option, or call, when the stock price is expected to rise, or sells a call when the stock price is expected to fall.
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One can also call it price control for the Internet, in a certain respect.
Plus, to call gold price swings well, you must be a consummate market timer.
Consider, for example, what we call the price elasticity of wages, as defined in economics to capture the relationship between pay and employee effort.
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Robert Gordon, whose firm Twenty-First Securites specializes in tax-wise hedging strategies, says that a call strike price that is 15% to 20% above the put strike price should do the trick.
What makes getting the 330xi a tough call is the price--and what you get for it.
And you have to be right on your short-term call in the price of the metal itself.
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Green investors such as Silicon Valley's Vinod Khosla regularly call for a price floor on gas to support the industry.
But they are keeping a close eye on what you might call the total price -- debt plus market cap of common.
Call it the price of tasting success.
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In simple terms, you can exercise your right to purchase the stock at the strike price (call away) with a Call and you have the right to sell the stock at any time (put to someone) at the strike price at any time by purchasing a Put.
Others call it is the price families are willing to pay for their sons to win a woman believed to be a virgin.
The bull case assumes HP call get an attractive price for the PC business, and then execute successfully on the rest of the business.
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If that's the price of what Republicans want for them to call reform, that's not a price that the President is willing to do.
So the strike price of the call you sell is the upper bound on your potential gain.
It wants them to keep receipts and has set up a hotline for shoppers to call if they spot any price rises.
The largest single trade on YHOO today, a one-by-two ratio call spread, suggests the price of the underlying may post limited gains during the first seven months of 2012.
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"The rise stems from increased investment in information technology, particularly back-office and in fact call centres, " Gareth Price of the Economist Intelligence Unit told the BBC's World Business Report.
He suggests an equity collar--buying a put below the market price and selling a call above it to defray the cost.
While the hardware wasn't what we'd call top quality, the low price point and performance of the Titanium line more than makes up for it.
As a result, calls are charged at a much cheaper rate: long-distance and international calls can be made for the price of a local call and a home broadband-internet connection.
Owners of low-basis stock in a public company can buy a put below the current price, sell a call above it and borrow most of the value of the stock.
And Internet messages travel round the world for no more than the price of a local telephone call.
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