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By buying a __________ bond, investors will have an option to exchange their bond for shares of common stock in the company at a future date.Multiple Choicepreferreddiscountconvertiblecontingent

Question

By buying a __________ bond, investors will have an option to exchange their bond for shares of common stock in the company at a future date.Multiple Choicepreferreddiscountconvertiblecontingent

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Solution

The correct answer is "convertible". By buying a convertible bond, investors will have an option to exchange their bond for shares of common stock in the company at a future date.

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