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BERKO: Convertible Bonds explained (access required)

Dear Mr. Berko: Please explain convertible bonds. We're in our late 50s. We are not aggressive investors and own a $310,000 portfolio of stocks -- mostly utilities and other income stocks -- yielding 3 to 9 percent. A stockbroker tried to explain convertible bonds to us, but she just made it more confusing. Could you ...

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