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Strategies for earning equity-like returns--with substantially lower risk! Convertible securities--generally, corporate bonds which can be converted into a fixed number of common stock shares--have been around for over a century. While they have generated decent returns for savvy, risk-averse investors, and are an ideal security in today's volatile markets, convertibles have received remarkably little coverage in the popular press. Convertible Securities opens the window, providing in-depth research and analysis to help both new and experienced investors benefit from the many advantages of…mehr

Produktbeschreibung
Strategies for earning equity-like returns--with substantially lower risk! Convertible securities--generally, corporate bonds which can be converted into a fixed number of common stock shares--have been around for over a century. While they have generated decent returns for savvy, risk-averse investors, and are an ideal security in today's volatile markets, convertibles have received remarkably little coverage in the popular press. Convertible Securities opens the window, providing in-depth research and analysis to help both new and experienced investors benefit from the many advantages of convertibles. Eye-opening from front to back, it traces: the basics of convertible evaluation, including its investment value as a straight bond, its convertible value as a stock, and its theoretical fair value; proven methods for uncovering convertibles trading below fair value by identifying key variables such as conversion premium and yield advantage; how to use popular convertible bond indexes to track performance, benefiting from their advantages, while remaining aware of their shortcomings. The basic concepts of a convertible security are fairly straightforward, yet nuances make it one of the most involved and potentially profitable investments available. Let Convertible Securities act as your guidebook to this exciting investment class, providing you proven strategies to participate in the capital appreciation of common stocks, while providing a consistent buffer against risk.
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