Aufsätze Ökonomik

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Aufsätze Sozialethik


Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.

Abhandlungen über Johann Heinrich Jung-Stilling

Nachtodliche Belehrungen zur Ökonomik

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Exchangeable bond

Special form of convertible bond. In the case of a convertible bond, the investor is granted the right to exchange it for shares in the issuer at a fixed ratio. In the case of a convertible bond – also known as an exchangeable bond – on the other hand, the issuer grants the investor the right at maturity of the bond to exchange the security for shares in another stock corporation – usually affiliated companies – at a fixed ratio instead of cash payment (bonds issued by a company that may be redeemed at the request of their holders into shares of a company other than the issuer of the bonds or in cash). – See bond, parity, pay-in-kind bond, death spiral, convertible premium, mandatory convertible bond.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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