A convertible bond may be exchanged for common stock of the issuing corporation at the option of the bondholder.

Name: A convertible bond may be exchanged for common stock of the issuing corporation at the option of the bondholder.
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A convertible bond is a type of bond that can be converted into a predetermined number of shares of common stock in the issuing company, usually at the discretion of the bondholder.

A Convertible Bond May Be Exchanged for Common Stock of the Issuing