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Because a security is first sold with a conversion price above the current market price of a firm's ...

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Because a security is first sold with a conversion price above the current market price of a firm's ...

Because a security is first sold with a conversion price above the current market price of a firm's stock, conversion is initially not attractive.

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Principles of Managerial Finance

Principles of Managerial Finance

Edition: 14^th

Authors: Gitman, Zutter

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