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Doug Emery Purchased a Bond That Can Be Exchanged for a Set

Question 28

Multiple Choice

Doug Emery purchased a bond that can be exchanged for a set number of shares of the issuer's common stock.What type of bond has Doug purchased?


A) Debenture
B) Subordinated debenture
C) Convertible
D) Callable
E) High-yield

Correct Answer:

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