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The Return of SPACs Since Episode 325
The return of SPACs since that episode aired in October 2020 through earlier this week, June 2023 has returned negative 1.7% annualized. Depending on what SPAC and investor owned, they could have done much worse or surprisingly much better. Convertible bonds are debt securities issued by corporations that include an option for the holder to convert the bond into shares of the common stock.