Question 1 Selection: ________ A convertible security is almost always: a) a security that can be converted
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Question 1 Selection: ________
A convertible security is almost always:
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a) a security that can be converted into any other type of security.
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b) a debt security that can be converted into preferred shares.
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c) a security that can be converted into common shares at the holder's option.
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d) a security that can be converted into common shares at the option of the issuing
corporation.
Question 2 Selection: ________
Leasing is a popular form of financing because:
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a) lease provisions are generally less restrictive than a bond indenture.
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b) the lessor likely does not have experience with the equipment being leased.
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c) the lessee may be financially able to purchase.
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d) the lease is slower to finalize then a bond.
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