What is a convertible bond? A convertible bond allows the investors (lender) to exchange the bond for something else within a given time under any conditions specified in the bond indenture. The most common conversion feature is: A bond or part of the bond –> Stock. You just studied 8Read More →
Most convertible notes have meager interest rates, with many notes issued at the lowest legal interest rates for debt financing. The reason behind this is that investors value the growth potential of future equity more than any short-term guarantees of cash through a true bond-like interest rate. How does interestRead More →
Mazda MX-5 Miata RF. Mercedes-Benz SL-Class. Mercedes-Benz SLC-Class. Who made a hardtop convertible? The first retractable hardtop convertible design was introduced by Ben P. Ellerbeck; the hardtop was manually operated on a Hudson coupe yet was never produced. Automaker Peugeot produced the first power- operated retractable hardtop in the 601Read More →