Assertion: convertible bond's price | /r/HasProperty | paid for the bond
Facets:
Source sentences:
text: What this means is that if we discounted all the cash flows from the bond using the yield to maturity as the discount rate, then the present value of the cash flows would be equal to the price paid for the bond; or to put it another way, the net present value of all cash flows relating to the investment in the bond are zero.