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Re: Gamco post# 431290

Monday, 05/22/2023 8:49:54 AM

Monday, May 22, 2023 8:49:54 AM

Post# of 432534
Gamco, No. The bonds decay equal to the dividend rate. At maturity they will convert at $70 and are hedged up to $125. Also you can not buy the bonds at the current stock price as they trade at a sizable premium. If you think about it, what would you pay for a 4 year option at $70 that pays you 3 1/2% per year... It is much cheaper to just buy the stock.
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