A Convertible Bond Is a Bond That Can Be

A convertible bond is a bond that can be:

A) Exchanged for cash at prescribed points in time.
B) Exchanged for a stated number of shares of common stock of the bond issuer.
C) Modified from a fixed coupon bond into a floating coupon bond at prescribed points in time.
D) Submitted to the issuer for redemption at the discretion of the bondholder.
E) Submitted for payment any time the economy converts into a recessionary period.