What is the difference between a busted convertible and a distressed convertible?
Answer to relevant QuestionsWhat is a cash flow arbitrage strategy involving convertible bonds? This excerpt comes from an article titled “Bartlett Likes Convertibles” in the October 7, 1991, issue of BondWeek, p. 7: “Bartlett & Co. is selectively looking for opportunities in convertible bonds that are trading ...Using the correlations for the corporate bonds shown in Exhibit 21-3, calculate the duration multiplier for the three credit ratings shown in the exhibit. Exhibit 21-3 Industry Portfolio Spread Correlations with Treasury ...What are the different approaches used to estimate the duration of high-yield corporate bonds? In the analysis of net assets, what factors should be considered?
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