Which of the following is not an option if a convertible bond is called?

Question

Quizplus · Accepted Answer

When a convertible bond is called, the issuer gives the bondholder the option to convert the bond into a predetermined number of shares of the company's stock, sell it back to the issuer at a specified price, or redeem it for the par value. Renewing the bond is not an option; the call action requires a decision among the provided alternatives, not an extension or renewal of the existing bond terms.

Which of the Following Is Not an Option If a Convertible