A new edition of Canadian Moneysaver has been issued, so I can re-publish my article from the penultimate publication!
Many readers will be familiar with the “hockey stick” pattern of option returns – if not, don’t worry, I explain it in the article. This paradigm is pretty practical for those people (and practitioners) perplexed by the price pattern of perpetual preferreds.
Look for the research link!
As a bonus, I have also made available the spreadsheet I used when writing the article.