If a corporate security can be exchanged for a fixed number of shares of stock, the security is said to be
A)callable.
B)convertible.
C)protected.
D)None of the options are correct.

Name: If a corporate security can be exchanged for a fixed number of shares of stock, the security is said to be A)callable. B)convertible. C)protected. D)None of the options are correct.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

If a security can be exchanged for a fixed number of shares of stock, it is called a convertible security.

If a Corporate Security Can Be Exchanged for a Fixed