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03-19-2009, 03:42 PM | #2 |
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no, convertible is for homos
cough*darkphantom*cough |
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03-19-2009, 05:38 PM | #5 |
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they are converted into common stock at some ratio....
there is however convertible preferred stock..
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03-19-2009, 05:41 PM | #6 |
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Simple answer is that it depends on the bond stipulations. Technically a convertible bond can be converted into whatever asset the bond agreement says. So if someone really wanted to they could make the convertible asset something like BMW's lol.
Generally its common stock though... |
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03-20-2009, 10:07 PM | #8 |
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Depends on the terms of the bond offer and conversion features. But, yes.
But, why? Upside (Pref'd) < Upside (Common)
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