Question: Current Attempt in Progress If bonds can be converted into common stock, they will sell at a lower price than comparable bonds without a conversion

Current Attempt in Progress
If bonds can be converted into common stock,
they will sell at a lower price than comparable bonds without a conversion feature.
the bondholder may benefit if the market price of the common stock increases substantially.
they will carry a higher interest rate than comparable bonds without the conversion feature.
they will be converted only if the issuer calls them in for conversion.
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Current Attempt in Progress If bonds can be

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