Examlex
Liquid yield option notes or LYONs have which of the following characteristics?
I. Convertibility at a fixed conversion ratio.
II. High coupon rates.
III. A put feature that guarantees the right to redeem the bonds at a prespecified price.
IV. Convertibility at a fixed conversion price.
Voucher Programs
These programs provide individuals or entities with vouchers that can be used to purchase goods or services, often used in educational and social service contexts to provide choice and flexibility.
17th Century
The period from 1601 to 1700 in the Gregorian calendar, often marked by significant historical, cultural, and scientific developments.
18th Century
The century spanning the years 1701 to 1800, marked by significant historical events, including the Enlightenment, the American Revolution, and the beginnings of the Industrial Revolution.
19th Century
The period from January 1, 1801, to December 31, 1900, characterized by major social, economic, and technological changes.
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