Investment value - Mainly applies to dealer securities. Fixed income value of a convertible, the price at which the convert would have to sell as a straight debt instrument relative to the yield of other bonds of like maturity, size and quality; represents a presumed floor to the bond, allowing, of course, for the continued credit worthiness of the issuer and the general level of interest rates. Bond value. See: conversion value
Investment value : mainly applies to dealer securities. fixed income value of a convertible, the price at which the convert would have to sell as a straight debt instrument relative to the yield of other bonds of like maturity, size and quality; represents a presumed floor to the bond, allowing, of course, for the continued credit worthiness of the issuer and the general level of interest rates. bond value. see: conversion value
Investment value