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Investing Glossary:
Zero-coupon convertible security
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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Zero-coupon convertible security
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A zero-coupon Bond convertible into the Common stock of the issuing Company after the stock reaches a certain price, using a put option inherent in the security. Also refers to zero-coupon bonds, which are convertible into an Interest bearing bond at a certain time before maturity.
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