1. Warrants and Convertibles What is wrong with the simple view that it is cheaper to issue a bond with a warrant or a convertible feature because the required coupon is lower? 2. Warrants and...

1. Warrants and Convertibles What is wrong with the simple view that it is cheaper to issue a bond with a warrant or a convertible feature because the required coupon is lower?

2. Warrants and Convertibles Why do firms issue convertible bonds and bonds with warrants?

May 26, 2022