What is the difference between a soft put and a hard put?
Answer to relevant QuestionsUpon exercise of the conversion option for a convertible bond, all issuers must exchange shares of stock for the bond. Explain whether you agree or disagree. A Merrill Lynch note structure called a liquid yield option note (LYON) is a zero-coupon instrument that is convertible into the common stock of the issuer. The conversion ratio is fixed for the entire life of the note. If ...What does the empirical evidence suggest about the behavior of corporate credit spreads concerning whether credit spread changes should be measured on an absolute versus relative basis? Answer the below questions. (a) What is the difference between a positive and negative covenant? (b) What is the purpose of the analysis of covenants in assessing the credit risk of an issuer? Why do analysts of high-yield corporate bonds feel that the analysis should be viewed from an equity analyst’s perspective?
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