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RIDING OUT THE MARKET IN A CONVERTIBLE.

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  • المؤلفون: Calamos, John P.
  • المصدر:
    Financial Executive. Jul/Aug1995, Vol. 11 Issue 4, p54-55. 2p.
  • معلومة اضافية
    • الموضوع:
      CONVERTIBLE securities; BOND prices; STOCK prices; CORPORATE finance; CORPORATE debt financing; VALUE (Economics)
    • نبذة مختصرة :
      The article discusses convertible securities which are preferred stocks and bonds that have a convertible option added to make them more appealing to investors. The factors used in calculating the investment value of the convertible security include standard fixed-income analysis, maturity date, coupon, credit quality, yield to maturity, and call features. The convertible bond's value is stable but drops when the stock price nears zero--which usually indicates that the company is going bankrupt. The investment value of a bond is a floor value for the security in uncertain stock markets.