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Unsecured Notes Issued by Companies Where the Holder Receives Periodic

Question 23

Multiple Choice

Unsecured notes issued by companies where the holder receives periodic coupon payments and an option to change the note into ordinary shares at a ratio which is pre-specified and remains constant over the life of the note are known as:


A) Warrants
B) third-party warrants
C) convertible notes
D) equity-linked deposits

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