Assertion: convertible bond's conversion price | /r/CapableOf | peg to the stock price
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text: If the option is convertible into a variable number of shares based on a conversion price pegged to the stock price (as stock price increases, the conversion price increases and the holder receives fewer shares, and the reverse holds true for price decreases), then the conversion option is debt-like in nature since the value of the shares will always be fixed.