You have a choice of investing in two identical bonds: C and N. These two bonds are identical except C is convertible an

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answerhappygod
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You have a choice of investing in two identical bonds: C and N. These two bonds are identical except C is convertible an

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You have a choice of investing in two identical bonds: C and N.
These two bonds are identical except C is
convertible and N is non- convertible. In general, witch bond will
provide you higher yield? Why?
Please reply fast in 30 mins.
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