Assertion: convertible bond's value | /r/HasProperty | pv
Facets:
Source sentences:
text: To find the bond floor, one must calculate the present value (PV) of the coupon and principal payments discounted at the straight bond interest rate.
text: Simply put, the bond floor is the lowest value that convertible bonds can fall to, given the present value (PV) of the remaining future cash flows and principal repayment.