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CFA® Level II Fixed Income - Convertible Bonds: Features, valuation, and risk characteristics

This is an excerpt from our comprehensive animation library for CFA candidates. For more materials to help you ace the CFA Exam, head on down to https://prepnuggets.com. -- This lesson provides a detailed look at the mechanics of convertible bonds, including their conversion price, ratio, and adjustments due to corporate actions like stock splits and mergers. We discuss the valuation techniques for convertible bonds, comparing their straight value based on market conditions and their conversion value linked to the stock price. The video highlights how convertible bonds offer downside protection and participate in equity upsides, making them an attractive option for risk-averse investors. This concise and informative session will arm you with the knowledge to understand and evaluate convertible bonds as part of a diversified investment strategy, helping you prepare for the CFA exams and enhance your financial expertise.