In What Ways Were the Colonists Prepared for Self-Governance at the Start

question 2

Essay

In what ways were the colonists prepared for self-governance at the start of the Revolutionary War and where were they not prepared?

---

Definitions:

Straight Bond Value

The present value of a bond's future interest payments plus the value of its principal, assuming it does not come with any special features like options.

Conversion Value

The monetary value of a convertible security if it were converted into shares of the underlying company at the current market price.

Convertible Bond

A bond which offers the option to be exchanged for a specific number of the issuing company's stock at certain periods throughout its duration, typically at the option of the person holding the bond.