Examlex
Proponents of ECT have argued that its bad reputation is based on claims that it causes __________
Yield To Maturity
The total return anticipated on a bond if held until it matures, including all interest payments and the repayment of principal.
Zero-coupon Bonds
Bonds that do not offer interest payments but are sold at a deep discount to their face value, maturing at par.
Conversion Premium
The additional cost above the market value of the underlying asset that an investor pays to own a convertible security, such as convertible bonds.
Convertible Bond
A financial instrument that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.
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