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Distinguish between an investor's return and historical returns. Describe the premiums paid for a convertible bond. Explain why a convertible security is always callable and

  1. Distinguish between an investor's return and historical returns.
  2. Describe the premiums paid for a convertible bond.
  3. Explain why a convertible security is always callable and when a company may call the security.
  4. Contrast preferred stock to bonds.
  5. List the features of preferred stock and the features of bonds. (no need to put your answer into a paragraph for this one)

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