A convertible bond will generally have a higher market yield relative to similar nonconvertible bonds.

Name: A convertible bond will generally have a higher market yield relative to similar nonconvertible bonds.
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Convertible bonds typically offer lower interest rates or yields compared to similar nonconvertible bonds because they also grant the holder the option to convert the bond into a predetermined number of shares of the issuing company, adding value through the potential for capital appreciation.

A Convertible Bond Will Generally Have a Higher Market Yield