Why does a convertible bond have a lower yield than an otherwise identical bond without the option
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Why does a convertible bond have a lower yield than an otherwise identical bond without the option to convert?
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The option which is not an obligation to convert the bonds into equity is wo...View the full answer
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0321818171
2nd Canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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