A(n) _____ can be exchanged for shares of equity at the owner's discretion.

Name: A(n) _____ can be exchanged for shares of equity at the owner's discretion.
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Question

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A convertible bond gives the bondholder the option to convert the bond into a predetermined number of shares of equity at any time before maturity at their discretion. Therefore, a convertible bond can be exchanged for shares of equity at the owner's discretion.

A(n) _____ Can Be Exchanged for Shares of Equity at the Owner's