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Convertible bonds: are rarely callable. generally provide a call option both to the issuer and to the bondholder. provide a call option to the bondholder
- Convertible bonds:
- are rarely callable.
- generally provide a call option both to the issuer and to the bondholder.
- provide a call option to the bondholder and a put option to the issuer.
- are generally less valuable than a comparable straight bond.
- have a value which is unaffected by the conversion ratio.
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