Bonds that can be exchanged for common stock are said to be
A) callable.
B) transferable.
C) convertible.
D) discount.

Name: Bonds that can be exchanged for common stock are said to be A) callable. B) transferable. C) convertible. D) discount.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Bonds that can be exchanged for common stock are known as convertible bonds. This feature allows bondholders to convert their bonds into a predetermined number of shares of the issuing company's common stock.

Bonds That Can Be Exchanged for Common Stock Are Said