Assertion: convertible bond's value | /r/AtLocation | the region
Facets:
Source sentences:
text: When the fair value is in the region that the convertible bond exhibits equity characteristics, it can be viewed as a deep-in-the-money option.
text: When the fair value is in the region that the convertible bond exhibits hybrid characteristics, the option-like features of the convertible are at their maximum and this is seen in the high value of the conversion premium.
text: When the fair value is in the region that the convertible bond exhibits fixed income characteristics, convertibles can be regarded as bonds combined with out-of-the-money options with little equity sensitivity (low delta).