Convertible Bonds Can Also Have a Call Feature

question 93

True/False

Convertible bonds can also have a call feature.

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Definitions:

Quorum

A quorum is the minimum number of members required to be present at a meeting to legally conduct business and make binding decisions.

Par-Value

The face value of a bond or stock as stated by the issuing company, which might differ from its market value.

Stock Certificate

A document that serves as a stockholder’s proof of ownership in a corporation.

Fixed Face Value

The predetermined and constant value at which a financial instrument, like a bond, is redeemed by the issuer at maturity.