Convertible debt can have all of the following characteristics except :
A)bankruptcy rights
B)regular dividend payments
C)a structure to provide senior interest in specific assets
D)a tax shield due to interest expense

Question

Quizplus · Accepted Answer

Convertible debt does not typically have regular dividend payments. The other three characteristics listed can be found in convertible debt arrangements.

Convertible Debt Can Have All of the Following Characteristics Except