Retirement time horizons had been assumed to be 30 years, withdrawals were typically assumed to extend each year to account for inflation, and portfolios have been often simple combinations of traditional stock and bond indexes.
To compensate for having additional value through the option to convert the bond to stock, a convertible bond typically has a coupon rate lower than that of similar, non-convertible debt.
France 1797 Deflation after the withdrawal of the assignat and mandat territorial led Finance Minister Dominique-Vincent Ramel-Nogaret to repudiate of 2/3 of French state debt.
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