715 Convertible bonds Convertible bonds are reqular bonds that can be exchanged for equity at certain times in the future according to a predetermined exchange ratio Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 7.15 Convertible Bonds • Convertible bonds are regular bonds that can be exchanged for equity at certain times in the future according to a predetermined exchange ratio