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ticktrader ticktrader
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________ can be exchanged at the investor's option for a certain number of shares of the corporation's common stock.

▸ Collateralized bonds

▸ Protected bonds

▸ Bills of exchange

▸ Debentures

▸ Convertible bonds
Textbook 

Business in Action


Edition: 9th
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Jessicav1126Jessicav1126
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Convertible bonds

Convertible bonds can be exchanged at the investor's option for a certain number of shares of the corporation's common stock. Because of this feature, convertible bonds generally pay lower interest rates.

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