Discount - Used in the context of general equities. Convertible: difference between gross parity and a given convertible price. Most often invoked when a redemption is expected before the next coupon payment, making it liable for accrued interest for which he may never be compensated. Antithesis of premium. General: information that has already been taken into account and is built into a stock or market. Straight equity: price lower than that of the last sale or inside market.
The difference between the lower price paid for a security and the security"s face amount at issue.
The difference between the net asset value (NAV) per share of an investment trust and the share price, expressed as a percentage of the net asset value per share.e.g. if the NAV is Ј3.00, and the share price of the trust is Ј2.70, the trust is trading at a 10% discount to its NAV.When the share price is above the net asset value, it is said to be trading at a premium.
Discount : used in the context of general equities. convertible: difference between gross parity and a given convertible price. most often invoked when a redemption is expected before the next coupon payment, making it liable for accrued interest for which he may never be compensated. antithesis of premium. general: information that has already been taken into account and is built into a stock or market. straight equity: price lower than that of the last sale or inside market.
the difference between the lower price paid for a security and the security"s face amount at issue.
the difference between the net asset value (nav) per share of an investment trust and the share price, expressed as a percentage of the net asset value per share.e.g. if the nav is Ј3.00, and the share price of the trust is Ј2.70, the trust is trading at a 10% discount to its nav.when the share price is above the net asset value, it is said to be trading at a premium.
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