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Quantitative Finance · Glosarium

Apa itu Reverse convertible?

Definition 19.4 Derivatives and Volatility · Bab 19 — The Structured-Products Business

A reverse convertible pays a coupon above the issuer’s funding rate and repays par at maturity unless the underlying has fallen below a strike, in which case it repays the underlying’s value (or shares): the investor has sold a put.

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