You can acquire convertible bonds from a rapidly growing


1. You can acquire convertible bonds from a rapidly growing company or from a utility. Speculate on which convertible bond would have the lower yield and discuss the reason for this difference.

2. Compare the liquidity of an investment in raw land with that of an investment in common stock. Be specific as to why and how the liquidity differs. (Hint: Begin by defining liquidity.)

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Portfolio Management: You can acquire convertible bonds from a rapidly growing
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