Abstract: The basic theory of convertible bond is that the company issues bonds with conversion right with which the holder can convert the bonds into common stocks of that company on the fixed price in the validity. The key issue of convertible bond is the conversion price. With a favorable conversion price, the company can make good use of advantage of convertible bonds compared with other sources of financing.
Publication Year: 2002
Publication Date: 2002-01-01
Language: en
Type: article
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