A convertible bond is a hybrid security that acts like a traditional bond until it is converted into equity in the issuing company according to the terms of the bond. Example of Convertible Bonds A company issues a $1,000 10-year bond paying 4% annual interest that can be converted into shares in the company at […]
![Convertible bond photo](https://media.warriortrading.com/2018/06/convertible-bonds.jpg)