Series 27: Convertible Debt Securities

Taken from our Series 27 Online Guide

Convertible Debt Securities

The deduction for convertible debt that has a fixed rate of interest and a fixed maturity date depends on the market value of the securities. If the market value of a bond is 100% or more of face value, the deduction will be the same as for equity securities. If the market value is less than the face value, the deduction will be ident

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