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   Synthetic Zero Coupon Convertible Bond
   















 

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Synthetic Zero Coupon Convertible Bond

A combination of a zero coupon note and a detachable warrant with an equal term to expiration. The notes are usable to exercise the warrants and the issuer may enjoy an advantage in interest deductibility over other issuers of zero coupon convertibles. Also called Super-LYONS. See also Liquid Yield Option Note (LYON).

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