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Stocks A to Z / Stocks G / Alphabet (GOOG)
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Author: mungofitch SILVER
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Number: of 421 
Subject: Re: New tickers GOOGM & GOOGN
Date: 06/11/26 4:03 PM
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In general, mandatory convertibles give you a slightly better outcome if the stock price falls, a flat spot (the same return for a range of middling stock prices) in a middle section, and a positive return if the stock soars but your return rises at a lower rate. So lower upside and slightly milder downside.

Though I haven't looked into any issue-specific quirks, the payoff is probably like the first chart here
http://convertarb.net/?page_id=708

Jim
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