A type of convertible that has no current yield because it pays no coupon. However, the bond has a positive…

The actual return a bondholder will receive on the bond, based on its current market price. It is given by:...

A return rate on a fixed-income security or a share of stock as related to the current market price. In...

The running yield on a convertible is similar to the dividend yield on a share of stock. It is calculated...

The actual return a bondholder will receive on the bond, based on its current market price. It is given by:...

The current yield on a convertible is similar to the dividend yield on a share of stock. It is calculated...

For a convertible bond, it is the excess of running (current) yield over equity dividend yield: Convertible yield advantage =...