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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
- 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 when a company may call the security.
- Contrast preferred stock to bonds.
- 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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