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SunnieeCA SunnieeCA
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2 years ago
When convertible bonds are first issued

I.the conversion price of the stock is higher than the market price.
II.the market price of the stock is higher than the conversion price.
III.the coupon rate is higher than if the bond were not convertible.
IV.the coupon rate is lower than if the bond were not convertible.


▸ I and III only

▸ II and IV only

▸ I and IV only

▸ II and III only
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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fnc28304fnc28304
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#1
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2 years ago
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this is exactly what I needed
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