A zero-coupon bond, convertible to common stock on a periodic basis or redeemable(callable) for cash by the company on a regular basis, called a LYON, which stands for:

Name: A zero-coupon bond, convertible to common stock on a periodic basis or redeemable(callable) for cash by the company on a regular basis, called a LYON, which stands for:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

LYON stands for Liquid Yield Option Note, which is a zero-coupon bond that can be converted into common stock or redeemed by the issuer for cash.

A Zero-Coupon Bond, Convertible to Common Stock on a Periodic