Abstract
Hybrid securities combine characteristics of equity and debt capital. “They usually give their holder the right to convert a debt-like instrument into common stock.” Sometimes a conversion obligation exists. Figure 11.1 illustrates the spectrum of hybrid securities according to their degree of resemblance to common stock and straight debt.
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© 2006 Deutscher Universitäts-Verlag|GWV Fachverlage GmbH, Wiesbaden
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(2006). Definitions. In: Kleidt, B. (eds) The Use of Hybrid Securities. DUV. https://doi.org/10.1007/978-3-8350-9077-4_2
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DOI: https://doi.org/10.1007/978-3-8350-9077-4_2
Publisher Name: DUV
Print ISBN: 978-3-8350-0247-0
Online ISBN: 978-3-8350-9077-4
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