Zero-Coupon Convertible
Updated on 2023-08-29T11:58:02.752180Z
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.