The percentage by which the conversion price (in a convertible) exceeds the current stock price. The following equation illustrates this:...
An out-of-the-money convertible; a convertible whose underlying share price is below the conversion price. As share prices fall, the convertible's...
A convertible whose underlying share price is below the conversion price. As share prices fall, the convertible's price becomes less...
An equity structured product (and a reverse convertible) that provides participation leverage with no guarantees as to potential downside risk....
The value of the “straight” fixed income element of the convertible alone, without consideration to the value of the convertible’s...
The price of a convertible as quoted inclusive of accrued interest. Some Euroconvertibles such as French convertible bonds are normally...
The sensitivity of a convertible’s delta to changes in the underlying share price (mathematically, it is a second-order partial derivative...
The sensitivity of a convertible’s price to changes in parity value. More specifically, it measures the equity sensitivity of the...
An equity structured product (and a reverse convertible) that provides participation leverage (gearing) with no guarantees as to potential downside...
The current yield on a convertible is similar to the dividend yield on a share of stock. It is calculated...
