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vikingblood vikingblood
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2 years ago
The major attraction of convertible bonds is

▸ the option to convert subordinated debentures into senior securities.

▸ the option to convert the bond into shares of the company's stock.

▸ the option to convert the bonds into longer term securities when they mature.

▸ the absence of a call provision allows the value of the bonds to increase at the same rate as the company's stock while the owner still collects interest.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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pipi123pipi123
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2 years ago
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vikingblood Author
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2 years ago
Just got PERFECT on my quiz
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This helped my grade so much Perfect
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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