Busted convertible - Related: Fixed-income equivalent. Mainly applies to convertible securities. Convertible bond selling essentially as a straight bond. Assuming the issuer is money good, or will continue to meet credit obligations, such issues can be highly attractive since the price virtually makes no allowance for the bonds call on the common stock; however, such issues usually carry high premiums.
Busted convertible : related: fixed-income equivalent. mainly applies to convertible securities. convertible bond selling essentially as a straight bond. assuming the issuer is money good, or will continue to meet credit obligations, such issues can be highly attractive since the price virtually makes no allowance for the bonds call on the common stock; however, such issues usually carry high premiums.
Busted convertible