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All of these are advantages of convertible bonds except Question 3 options: a) because they are not callable, convertible bonds must be held until maturity.
All of these are advantages of convertible bonds except
Question 3 options:
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| a) | because they are not callable, convertible bonds must be held until maturity. |
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| b) | they are normally not converted. |
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| c) | they lack the downside risk protection for investors. |
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| d) | they offer a yield that is less than the yield on straight bonds with similar risk and maturities. |
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