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Gross Basis

The basis amount that results from the difference between the current clean price of a bond and the clean price...

Running Yield

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

Current Yield

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

Yield Advantage

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