A convertible bond is a form of debt issued by a firm; it can be reimbursed at maturity or the owner may opt to convert it into a stock through a...

A convertible bond is a form of debt issued by a firm; it can be reimbursed at maturity or the owner may opt to convert it into a stock through a warrant, thus its name.The obvious advantage of this to the bondholder is that the potential gains are higher than a typical coupon or discount bond. It's...