Question: A convertible bond is a bond that can be: Multiple Choice Exchanged for a stated number of shares of common stock of the bond issuer.

A convertible bond is a bond that can be:
Multiple Choice
Exchanged for a stated number of shares of common stock of the bond issuer.
Exchanged for cash at prescribed points in time.
Modified from a fixed coupon bond into a floating coupon bond at prescribed points in time.
Submitted to the issuer for redemption at the discretion of the bondholder.
Submitted for payment any time the economy converts into a recessionary period.

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