Describe LYONs, and note how they differ from conventional convertible securities. Are there any similarities between LYONs

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Describe LYONs, and note how they differ from conventional convertible securities. Are there any similarities between LYONs and conventional convertibles? Explain.

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Apr 28, 2015 03:44 AM

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Describe LYONs, and note how they differ from conventional convertible securities. Are there any similarities between LYONs

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LYONs or liquid yield option notes add a conversion feature a...View the full answer

Fundamentals of Investing

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