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treyjames1 treyjames1
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3 years ago
A recent coupon bond issued by Supergrowth Inc. has a face value of $1,000, matures in ten years and pays annual coupons of 4%. The bond has a feature that allows the bondholder to exchange the face value for 50 common shares in Supergrowth. This is an example of a ________ bond.

▸ Callable

▸ Convertible

▸ Flexible

▸ Redeemable
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
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stephiemh6stephiemh6
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3 years ago
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