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In the late 1700s, two populations of minnows became isolated when an earthquake altered the path of a river. Now the populations can no longer successfully breed with each other even when they are both moved to the same pond. These organisms have undergone _________speciation.
Convertible Bonds
Bonds that can be converted into a predetermined amount of the issuing company's equity at certain times during its life, usually at the discretion of the bondholder.
Call Option
A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a predetermined period.
Conversion Ratio
The number of shares a bondholder can receive upon converting their bonds into equity shares.
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