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Question
Contingent Convertible bonds (CoCos) are NOTsimilar to ordinary convertible bonds because:a. CoCos are convertible to the firm's preferred stock while the ordinary convertible bonds are convertible to the firm's common stock.
b. CoCos offer a higher coupon than ordinary convertible bonds.
c. Cocos are convertible into stock only if the firm's stock price hits a certain level.
d. Ordinary convertible bonds are converted to the firm's stock if the firm's stock falls below a certain level.
Answer
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Related questions
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