Multiple Choice
Sam recently assumed an equity position in a corporation rather than continuing as one of its unsecured creditors.What right has Sam exercised?
A) his redemption right on a convertible debenture
B) his redemption right on a convertible bond
C) his conversion right on a convertible debenture
D) his conversion right on a convertible bond
Correct Answer:
Verified
Correct Answer:
Verified
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