A bond which, at the election of the holder, can be swapped for a fixed number of shares of common stock at any time prior to the bond's maturity is called a _______________ bond.

Question

Quizplus · Accepted Answer

Convertible bonds are those that can be converted into a predetermined amount of the issuing company's equity at certain times during the bond's life, usually at the discretion of the bondholder.

A Bond Which, at the Election of the Holder, Can