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Quotes of the day:
Know\'st thou the land where the lemon-trees bloom, Where the gold orange glows in the deep thicket\'s gloom, Where a wind ever soft from the blue heaven blows, And the groves are of laurel and myrtle and rose
The parity price concept is used for both securities and commodities, and the term refers to when two assets are equal in value. Convertibles, such as convertible bonds, use the parity price concept to determine when it is financially beneficial to convert a bond into shares of common stock.
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