The valuation of dividend imputation credits is a currently unresolved issue facing managers, investors and regulators in the Australian market. This thesis builds upon Officer’s (1994) cost of capital, under imputation, framework by seeking to identify the value of imputation credits implied by option prices. It extends the existing imputation literature by using widely traded common stock opt...

In response to immense strains in the asset-backed securities market 2008 and 2020, Federal Reserve U.S. Treasury twice launched Term Asset-Backed Securities Loan Facility (TALF). TALF was an unusual crisis facility because it provided loans a wide range of nonbank financial institutions. Using detailed loan-level data unexplored by previous researchers, we study behavior borrowers TALF. We fin...

Valuation of Mortgage-Backed Securities in a Distributed Environment Vladimir Surkov Master of Science Graduate Department of Computer Science University of Toronto 2004 Valuation of Mortgage-Backed Securities, regarded as integration in high dimensional space, can be readily performed using Monte Carlo method. The Quasi-Monte Carlo method, by utilizing low discrepancy sequences, has been able ...