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A convertible security is:

Looking for the answer to the question below related to Financial Management?

A convertible security is:

 Options:

A. convertible into cash at the option of the holder
B. a bond or share of preferred, convertible into common at the firm’s option
C. a bond or share of preferred, convertible into common at the holders’ option
D. a security convertible into a debenture at the holder’s option

 

The Correct Answer Is:

  • C. a bond or share of preferred, convertible into common at the holders’ option

 

Conclusion

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