BofA elaborates on Countrywide
Submitted by loner on 26 August, 2007 - 12:38am
BofA elaborates on Countrywide - Bank of America has the right to match any buy-out offer for Countrywide Financial, according to a filing made as part of BofA's $2bn preferred share investment in the troubled mortgage lender [Financial Times - Financial Services]
What did I say then?
Discrete (Close-of-Day) Barrier Adjustment to Approximate the Continuous (Intra-Day) Barrier (4 years 24 weeks ago):
Continuous Barrier = Discrete Barrier * exp(-0.56 * sigma * sqrt(1/250))
