The excess of the market price of the convertible over its bond value (bond floor). It is typically expressed as…
A convertible bond (CB) whose value is pulled down by a declining stock (its potential equity participation). In other words, the…
The value of a convertible bond (CB) without its conversion feature, i.e., only as a straight bond. The bond value...
A convertible’s bond floor, or bond value (also investment value), is the discounted value of its coupons and redemption value....
The present value of future cash flows of a convertible bond as if it was a straight corporate bond, i.e.,...
The value of a convertible bond (CB) without its conversion feature, i.e., only as a straight bond. The bond floor...
The value of a convertible bond (CB) without its conversion feature, i.e., only as a straight bond. The investment value...
The value of the “straight” fixed income element of the convertible alone, without consideration to the value of the convertible’s...
The value of the “straight” fixed income element of the convertible alone, without consideration to the value of the convertible’s...
The amount by which a bond's price falls below its maturity value (i.e., par value). In other words, it is...