The market value of a convertible security is likely to be less than its straight value or conversion value.

Name: The market value of a convertible security is likely to be less than its straight value or conversion value.
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The market value of a convertible security is typically higher than both its straight value (as a bond) and its conversion value (as stock), because it combines features of both debt and equity, offering investors more flexibility and potential for profit.

The Market Value of a Convertible Security Is Likely to Be