What is Convertible Bond? | SIE, SERIES7 Exam Prep

A convertible bond is a corporate bond that can be converted into a predetermined number of the company's common stock shares, offering both fixed income and equity upside potential. 📚 Learn more about Convertible Bond and other key terms for your SIE, SERIES7 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Convertible Bond definition: https://www.open-exam-prep.com/glossary/convertible-bond 💡 Exam Tip: Convertible = lower yield than regular bonds. Conversion Ratio = Par divided by Conversion Price. Convert when stock greater than conversion price. --- #securities #examprep #financeexam #sie #series7