Posted on Sunday, 4th April 2010 by Christopher Allen
A synthetic instrument that shares characteristics with both bonds and stocks. Reverse convertible notes typically provide high coupon payments and final payoffs that depend on the performance of an underlying stock.A security that combines aspects of a stock and a bond. An RCN operates like a debt security that pays a fixed coupon, which is [...]
Tags: Convertible Note, Note, Reverse Convertible, Reverse Convertible Note
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