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1) Are coupons lower or higher than regular bond rates for convertibles? 2) If a regular 30 year bond is 4% and a 30 year

1) Are coupons lower or higher than regular bond rates for convertibles?

2) If a regular 30 year bond is 4% and a 30 year bond that is callable after 10 years is 5%, what is the approximate value of the call option?

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