Examlex
Managers should pay little attention to bottleneck operations because they have limited capacity for producing output.
Convertible Bond
A type of bond that can be converted into a predetermined number of shares of the issuing company's stock, at certain times during its life, usually at the discretion of the bondholder.
Conversion Price
The predetermined price at which convertible securities can be exchanged for a specified number of shares.
Convertible Bonds
Bonds 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.
Black-Scholes Formula
A mathematical model used to determine the theoretical price of European put and call options, excluding dividends.
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