A Convertible Security Is Almost Always

question 113

Multiple Choice

A convertible security is almost always:

• A) a security that can be converted into any other type of security.
• B) a debt security that can be converted into preferred shares.
• C) a security that can be converted into common shares at the holder's option.
• D) a security that can be converted into common shares at the option of the issuing corporation.

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