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When Pachacuti Inca instituted the practice of split inheritance in the 1450s, he ensured that Peru would become
Net Profit
The amount of money left over from revenues after all expenses have been deducted, representing the actual profit of a business.
Convertible Bond
A fixed-income debt security that the holder can convert into a specified number of shares of common stock in the issuing company.
Conversion Price
The dollar amount of a bond’s par value that is exchangeable for one share of stock.
Conversion Value
The value of a convertible security if it were converted into a different asset, typically shares of the issuing company's stock.
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