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- 2011-7-11
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Convertible bond- premium over straight value
Convertible bond- premium over straight value
"holding all other factors constant, the greater premium over straight value, the less attractive the Convertible bond."
i dont understand. I think, straight value is the floor of CB, so the lower the floor, the more increase room the CB has. Can someone help me explain this with a example? thx! |
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发表于 2011-7-13 16:16
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