Compared with other bonds, convertible bonds usually have

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Convertible bonds often have a higher price because they give the holder the option to convert the bond into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder. This added feature of being able to convert into equity (usually shares) adds value to the bond, making it more expensive compared to traditional bonds that do not offer this option.

Compared with Other Bonds, Convertible Bonds Usually Have