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A convertible bond is one that
A) can be converted into a specific number of shares of common stock of the issuer.
B) can be converted into another bond if the issuer goes into bankruptcy.
C) can be exchanged for a commodity such as silver or gold.
D) is open-topped, meaning its redemption value can increase over time.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
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