Question
Convertible bond issues have lower coupon payments than similar bonds that are not convertible because the conversion feature of a convertible bond is valuable to
Convertible bond issues have lower coupon payments than similar bonds that are not convertible because the conversion feature of a convertible bond is valuable to bondholders. Does this mean that an issuer of corporate debt securities can lower its borrowing cost by offering (or selling) convertible bonds?
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Mutual Fund Industry Handbook
Authors: Gremillion
1st Edition
0471736244, 978-0471736240
