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A disadvantage of investing in convertible securities is the conversion premium. Advantages of investing in convertible securities include all of the following EXCEPT: A. Reduces

A disadvantage of investing in convertible securities is the conversion premium. Advantages of investing in convertible securities include all of the following EXCEPT:

A. Reduces downward risk

B. Potential for price appreciation

C. Opportunities for leverage better than with common stock

D. Higher current/ promised yields than straight debt obligations

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