A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. A pre-refunded...
A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. A pre-refunding...
The normal relationship between bond yields and maturity lengths that is observed when interest rates on the long-term bonds exceed...
A bond that does not carry any special features- i.e., it has no clauses granting conversion or warrant privileges. A...
A preferred stock that has no redemption date. In other words, this fixed-rate equity instrument allows the holder no participation...
The interest rate that results from converting the stated annual interest rate to a rate associated with a partial period....
It stands for performance linked to equity securities; a synthetic security in which the payoff is based on the performance...
A warrant that never expires and therefore remains valid unless it is actually exercised. This warrant gives the holder the...
The difference between the bond’s price and its equity value or parity, expressed as a percentage: Premium = (convertible price-...
A synthetic security in which the payoff is based on the performance of an individual stock or an equity index....