Heard in class and faithfully reported

(about Convertible Bonds)
- male, female or convertible? - REP professor

(about convertible bonds)
- Banks, all they want is money. For instance for convertible bonds, they'd come to you and say: would you be interested in the best of the Bond and Equity market? I have this great instrument for you! And it's super cheap too. It is called a convertible bond, you get this upside and there is a minimum low on the downside. What they forget to tell you is that the minimum low is zero, so you have lost everything." - Finance Professor

(about Warrant)
- these things are super complicated and quasi-impossible to price. Which means?
- no clue (class)
- LOOOOOOAAAAADS of money in arbitrage for Hedge Fund. Good business!
(Finance Professor)