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A Bond Which,at the Election of the Holder,can Be Swapped

Question 47

Multiple Choice

A bond which,at the election of the holder,can be swapped for a fixed number of shares of common stock at any time prior to the bond's maturity is called a _____ bond.


A) zero coupon
B) callable
C) putable
D) convertible
E) warrant

Correct Answer:

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