Assertion: convertible bond | /r/CapableOf | trade like straight bond
Facets:
value: given is the minimum level
type: OTHER
Source sentences:
text: However, when stock prices are low, the convertible bond will trade like a straight bond, given that the straight bond value is the minimum level a convertible bond can trade at and the conversion option is nearly irrelevant when stock prices are low.
text: When thinking in a realistic manner about convertible bonds, the convertible bond for a company will trade more like a straight bond when the stock price is low because the convertible option has almost no value.