Why is it said that convertible securities have a floor price?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 05:36 AM

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Why is it said that convertible securities have a floor price?

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The floor price of a convertible is based on the pure bond ...View the full answer

Foundations of Financial Management

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