It is usually a major component of money market fund investment portfolios. The conversion value is the value of 25 shares at the current price per share. In this example, it is clearly better not to convert. Convertible Bond - A debt security that is exchangeable for a set number of shares of another type of security, usually common stock, at a predetermined price. Corporate Bond - A debt security investment in obligations of U.S. corporations.
Corporate bonds are taxable and have a specific maturity date.
They are often traded on major exchanges. Current Ratio - A company's current assets divided by its current liabilities. Deleted - A security is no longer included in The Nasdaq Stock Market. Distribution Date - Date on which the payout of realized capital gains on securities in the fund portfolio occurred. Dividend - An amount declared by a corporation to be paid in cash or other assets to each shareholder based on the number of shares owned.