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Strategies & Market Trends : Floorless Preferred Stock/Debenture
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To: SpecialK who wrote (1422)11/6/2002 10:24:49 AM
From: Larry Brubaker   of 1438
 
From the description, that is NOT a floorless. So no danger of a deathspiral. However, as the article suggests, even though the conversion price is at a premium to the market price, some purchasers of the convertible may short the common stock for hedging purposes.
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