_____bonds permit the holder to exchange the bonds for shares of the firm's common stock under certain conditions.

Name: _____bonds permit the holder to exchange the bonds for shares of the firm's common stock under certain conditions.
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Convertible bonds give the holder the right to convert their bonds into a specified number of shares of the company's common stock. This option is typically available at any time before the bond's maturity or expiration date, depending on the terms of the bond.

_____Bonds Permit the Holder to Exchange the Bonds for Shares