Which of the following best describes a convertible bond issue?
A) a bond that offers a fixed rate coupon that can be converted into a variable rate coupon
B) a bond that offers the investor the option of converting his or her bond into a fixed number of common shares within a predetermined period of time
C) a bond that offers investors a perpetual dividend in the event that the firm performs better than expected
D) a bond that can be converted into a currency other than the one it was issued in
Correct Answer:
Verified
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