The difference between the bond’s price and its equity value or parity, expressed as a percentage: Premium = (convertible price-...

The sensitivity of a convertible’s price to changes in parity value. More specifically, it measures the equity sensitivity of the...

With respect to convertible bonds (and also convertible preferred stocks), it is the number of shares of common stock in...

With respect to convertible bonds (and also convertible preferred stocks), it is the number of shares of common stock in...

The market value of the shares of common stock into which a convertible can be exchanged. This value is equal...