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    Principles of Corporate Finance Study Set 3
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    Exam 24: The Many Different Kinds of Debt
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    If a Corporate Security Can Be Exchanged for a Fixed
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If a Corporate Security Can Be Exchanged for a Fixed

Question 26

Question 26

Multiple Choice

If a corporate security can be exchanged for a fixed number of shares of stock, the security is said to be


A) callable.
B) convertible.
C) protected.
D) None of the options are correct.

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