A convertible bond is a bond that can be exchanged,at the holder's option,for a specified number of shares of the corporation's common stock.

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A convertible bond is indeed a type of bond that can be converted into a predetermined number of shares of the issuing company's common stock, at the option of the bondholder, typically at certain times during its life, often at the maturity of the bond.

A Convertible Bond Is a Bond That Can Be Exchanged,at