Intermediate
Conversion ratios parity and conversion premiums
Conversion value translates a convertible into the shares it can deliver. Conversion premium measures what you pay above that share value, not a guaranteed future profit.
Read articleFOLITIC / HYBRID SECURITIES
Hybrid Securities Trading Guide
Understand securities that combine features of debt, equity and derivatives. Follow eight stages covering preferred shares, convertibles, corporate hybrids, bank capital and structured notes.
Start with What makes a security a hybrid, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Conversion value · All lessons
Convertible Bonds and Equity Links
Calculate conversion value and study how equity participation changes the investment.