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Investing Glossary:
Equal shares swap
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| Applies mainly to convertible securities. Selling the Underlying common and reinvesting the Proceeds in as much of the convertible as can be converted into the number of Shares of common just sold. See equal dollar swap.
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