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Part A: Read the article: Why convertible bonds are the asset class for the times from The Economist and answer the following questions: 1) What

Part A: Read the article: Why convertible bonds are the asset class for the times from The Economist and answer the following questions:

1) What are a convertible bond and the conversion rate?

2) Why founders prefer to issue convertible bonds instead of issue equity?

3) Do convertible bonds pay higher, similar, or lower coupon rate than a regular bond and why?

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