Question: Would the borrower or the lender prefer that a bond be: A. Convertible to common stock at the option of the bondholder? B. Callable by

Would the borrower or the lender prefer that a bond be:

A. Convertible to common stock at the option of the bondholder?

B. Callable by the company whenever it wants, at a set price?

C. Secured by particular assets as collateral?

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