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Investing Glossary:
Gross parity
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 and international equities. Antithesis of Net parity. For the price of a convertible, including accrued interest. For the price of international security, including commissions, fees, stamp duty, and other Transaction costs, translated into U.S. dollar amounts.
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