Convertibles are fully detailed based on structure, key metrics, and the options that back convertibles. The pros and cons of convertibles are explained as well as how investors capture the ample value available in convertibles.
Key learning objectives:
Structure of convertibles and how volatility, options and dividends are looked at by investors
Advantages and disadvantages of convertibles and who invests in them
Different types of options and the delta of convertibles compared to share price