After owning a Cordero Company bond for five years,Gabrielle exercised an option that allowed her to exchange her bond for 20 shares of the company stock.Gabrielle owned a:
A) callable bond.
B) revenue bond.
C) junk bond.
D) convertible bonD.A convertible bond is one that can be converted into shares of common stock in the issuing company.
Correct Answer:
Verified
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