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Preference Equity Redemption Cumulative Stock (PERCS)

An equity derivative (specifically an equity buy-write structure) that involves a mandatory conversion preferred stock (it resembles both convertible bonds…

Covered Call Write 

A combination of a call option and the underlying asset. The buy-writer becomes a fixed income investor if the underlying…

Preferred Equity Redemption Cumulative Stock (PERCS) 

An equity derivative (specifically an equity buy-write structure) that involves a mandatory conversion preferred stock (it resembles both convertible bonds...