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Exchangeable Security

Definition:

Investment instrument that grants its holder the right to exchange it for the common stock of a firm other than the issuer of the instrument.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Meff Renta Variable

Stock index and equity derivatives market in Spain trading futures and options on the Iberian Exchange (IBEX)-35 index and on individual stocks.

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