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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

  1. Convertible bonds:

  1. are rarely callable.
  2. generally provide a call option both to the issuer and to the bondholder.
  3. provide a call option to the bondholder and a put option to the issuer.
  4. are generally less valuable than a comparable straight bond.
  5. have a value which is unaffected by the conversion ratio.

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