释义 |
yield advantage Yield advantageThe advantage gained by purchasing convertible securities instead of common stock, which equals the difference between the rates of return of the convertible security and the common shares.Yield AdvantageThe yield of a publicly-traded company's convertible securities minus the yield on the dividends of its common stock. The yield advantage is important in determining whether it would be better to buy convertible securities or common stock, and whether it would be profitable to exercise the convertible option on the convertible securities.yield advantage The additional current return from holding a convertible security as opposed to owning the stock into which the convertible can be exchanged. |