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Investments glossary

Zero-Coupon Convertible


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A lot of other countries have central government systems that buy drugs for other people. That can reduce the fluctuations.

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A zero-coupon convertible is a fixed income instrument that combines a zero-coupon bond and a convertible bond. Due to the zero-coupon feature, the bond pays no interest and is issued at a discount to par value, while the convertible feature means that the bond is convertible into common stock of the issuer at a certain conversion price.

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