B&G Corporation issues convertible bonds. Convertible bonds allow B&G bondholders to do which of the following?
A) Convert their bonds into shares of common stock at some point in the future
B) Convert their bonds into shares of preferred stock at some point in the future
C) Convert their bonds into cash on certain call dates before maturity of the bonds
D) Convert their bonds into either common or preferred stock at some point in the future
Correct Answer:
Verified
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