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Advantages to investing in convertible securities include all of the following EXCEPT the investor controls the form of investment and the timing of the conversion.

Advantages to investing in convertible securities include all of the following EXCEPT

the investor controls the form of investment and the timing of the conversion.

convertible bonds are less liquid than straight bonds.

securities typically pay a higher rate of return in the form of interest or dividends than is available from its common stock.

a high degree of security of both principal and income.

bonds convertible into common stock usually have higher cash flow yields than the common stock itself

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