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Basic Question 2 of 10
A callable convertible bond limits exposure to upside price movement if the common stock soars. This is because of:
B. forced conversion
C. lock out period
A. hard put
B. forced conversion
C. lock out period
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Learning Outcome Statements
explain expected exposure, the loss given default, the probability of default, and the credit valuation adjustment;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.