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Definition of 'Exchangeable Security'
A security that grants its holder the right to exchange it for the common stock of a firm other than the issuer.
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Investopedia explains 'Exchangeable Security'
These are often used in takeovers.
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Search results for 'Exchangeable Security'
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http://www.investopedia.com/exam-guide/cfa-level-1/fixed-income-investments/embedded-option-importance.asp
... With Unequal Lives; 11.17 Types of Risk; 11.18 Risk-Analysis Techniques; 11.19
Security Market Line and Beta Basics; 11.20 Factors that ...
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http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/off-balance-sheet-financing-types.asp
... With Unequal Lives; 11.17 Types of Risk; 11.18 Risk-Analysis Techniques; 11.19
Security Market Line and Beta Basics; 11.20 Factors that ...
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