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All of the Following Are Normal Characteristics of a Convertible

Question 105

Multiple Choice

All of the following are normal characteristics of a convertible bond, EXCEPT


A) conversion at the option of the issuer.
B) conversion into a fixed number of shares of common stock.
C) a conversion price initially above the market price of the common stock.
D) an interest rate lower than that on straight debentures.
E) subordination.

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