ZIP 2.67% $2.55 zip co limited..

You aren't long Z1P at 12.39 by owning the notes, you're long a...

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    You aren't long Z1P at 12.39 by owning the notes, you're long a zero coupon bond and an out of the money call option on a little over 8000 shares per 100000 face value on the note. That note is priced about 98.335 per 100 right now.
 
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