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Peter Barrett currently has an equity related bond which he cannot sell but does not wish to hold the position anymore. At the moment he

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Peter Barrett currently has an equity related bond which he cannot sell but does not wish to hold the position anymore. At the moment he is happy Explain how Barret could use derivatives to close out this position. The convertible bond may convert to equity at any time at the discretion of the issuing company. To offset the effects of this Barrett could a on the equities at the same price as the conversion price and a on the bonds of the organisation

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