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Kalkine Media ASX Share Market News & Research

Definition

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Zero-Coupon Convertible

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A Zero-Coupon Convertible is a financial instrument for flat income that has two characteristics, zero coupon and convertible, and is a combination of the same. Since it is a zero coupon, the bond need not pay any interest and is convertible into the stock issued by the issuer at a specified price of conversion.

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