Why would this be the case?
If I understand that correctly it is just stating “if you can buy the convertible bond cheaper (i.e. at a lower premium over the straight bond) it is more attractively priced” … or am I missing something?
Why would this be the case?
If I understand that correctly it is just stating “if you can buy the convertible bond cheaper (i.e. at a lower premium over the straight bond) it is more attractively priced” … or am I missing something?