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    Financial and Managerial Accounting Study Set 8
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    Exam 10: Liabilities
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    Bonds That May Be Exchanged for a Specified Number of Shares
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Bonds That May Be Exchanged for a Specified Number of Shares

Question 115

Question 115

Multiple Choice

Bonds that may be exchanged for a specified number of shares of capital stock are called:


A) Junk bonds.
B) Convertible bonds.
C) Debenture bonds.
D) Mortgage bonds.

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