A bond or share of preferred stock that gives its holder the right to exchange it for a stated number of shares of common stock is called a "changeable security."

Name: A bond or share of preferred stock that gives its holder the right to exchange it for a stated number of shares of common stock is called a "changeable security."
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A bond or share of preferred stock that gives its holder the right to exchange it for a stated number of shares of common stock is called a "convertible security."

A Bond or Share of Preferred Stock That Gives Its