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contingent convertible bond

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Financial Dictionary

contingent convertible bond

A bond convertible into shares of stock only if the share price achieves a specified level. Also called CoCo bond.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Bond Investing
Trade Stocks, Options, Futures and Bonds Online with optionsXpress.
www.optionsXpress.com
Convertible Bond
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