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Glossary > F > "Fixed-income equivalent" Definition

Fixed-income equivalent

Also called a busted convertible, convertible security that is trading like a straight security because the optioned common stock is trading well below the conversion price.

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Fixed-income equivalent - Also called a busted convertible, convertible security that is trading like a straight security because the optioned common stock is trading well below the conversion price.

Fixed-income equivalent : also called a busted convertible, convertible security that is trading like a straight security because the optioned common stock is trading well below the conversion price.