When a convertible security is issued,the issue price is usually _______ the current market price of the company's share.

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Quizplus · Accepted Answer

When a convertible security is issued, the issue price is usually close to the current market price of the company's share, as the conversion feature will appeal to investors and therefore the company does not usually have to offer a steep discount on the issue price.

When a Convertible Security Is Issued,the Issue Price Is Usually