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Professional Finance Studies (PFS)
A convertible bond is a hybrid security that acts as a bond when the conversion option is out of the money and behave like an equity when equity prices goes above the conversion
Professional Finance Studies (PFS). . A convertible bond is a hybrid security that acts as a bond when the conversion option is out of the money and behave like an equity when equity prices goes above the conversion price. #CFA #FRM #InvestmentFoundation
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Nov 2, 2023
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