What is the term for bonds or preferred stock that allow investors to exchange for a stated number of shares of the corporation's common stock?

Question

Quizplus · Accepted Answer

The term for bonds or preferred stock that allow investors to exchange for a stated number of shares of the corporation's common stock is "convertible." Callable bonds can be redeemed before maturity by the issuer, secured bonds are backed by collateral, and debentures are unsecured bonds.

What Is the Term for Bonds or Preferred Stock That