chapter 21

Q5：可转债套利一般都是long convertible bond，short equity，因为可转债容易被低估，股票容易被高估；
Q10:If the acquiring firm’s earnings per share decreases post-merger due to a lower earnings contribution from the targeted firm, the deal
is considered to be dilutive. If the acquiring firm’s earnings per share increases post-merger due to the strong earningscontribution of the targeted firm, the deal is considered to be accretive.这是书上原话;
Q12:y因为convertible arbitrage需要short stock，而很多国家不允许short，流动性差。