Warning: Creating default object from empty value in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/plugins/independent-core/admin/ReduxCore/inc/class.redux_filesystem.php on line 29 Total Price of a Convertible – Fincyclopedia
[wpdreams_ajaxsearchpro id=44 ]
  • Tuesday, April 29, 2025
  • The Financial Encyclopedia
[wpdreams_ajaxsearchpro id=43 ]

Finance

  Finance   |   Terms
  • 520
  • May 25, 2022
[addtoany]
Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/template-parts/post/content-single.php on line 41

Total Price of a Convertible

The price of a convertible as quoted including its two components the clean price and accrued interest (or accrued coupon). The total price of the bond is the actual price in the market- i.e., the price paid for the bond:

Total price of a convertible = clean price + accrued coupon

For example, if the clean value of a convertible is $500 and its accrued coupon is $10, then:

Total price = 500 + 10 = $510

Or in percentage terms:

Total price = 100% + 2% = 102%

Euroconvertibles (especially French convertibles) that have domestically traded tranches are often quoted using total price.

The total price is also known as gross price of a convertible.


[related_posts_by_tax title="See also" posts_per_page="10" taxonomies="post_tag"]

[pt_view id=473cba234b]
[su_box title="Watch on Youtube" style="soft" box_color="#f5f5f5" title_color="#282828" radius="2" class="" id=""][su_row class=""][su_column size="1/1" center="yes" class=""] [/su_column][/su_row][/su_box]

Latest Terms

Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments

    Leave Your Comment

    Your email address will not be published.*