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FOLITIC / HYBRID SECURITIES
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.
Convertible valuation · All lessons
Calculate conversion value and study how equity participation changes the investment.
Intermediate
The bond component and conversion feature interact with credit, equity and contract terms. A theoretical bond floor is a valuation estimate, not a guaranteed minimum trading...
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