Series 28: Offsetting Long And Short Positions

Taken from our Series 28 Online Guide

Offsetting Long and Short Positions

As we know, convertible debt refers to a bond that may be converted into the common stock of the same issuer. Exchangeable debt allows or requires bondholders to exchange their bonds for equity shares of another business entity in which the issuing firm has a stake. When a security carried long in a cus

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