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Jake's girlfriend just broke up with him and Jake does not appear to be upset at all. Jake keeps talking about the strength of character he has developed and the interesting way in which his girlfriend decided to break up with him. Jake may be employing the ______________ defence mechanism.
Warrants
Financial derivatives that give the holder the right, but not the obligation, to buy or sell a stock at a specified price before the expiry date.
Dilute
To dilute means to make a company's shares less valuable by increasing the total number of shares, often through issuing new shares during fundraising.
Conversion Ratio
The specific number of shares that can be obtained by converting a convertible security like a bond or preferred stock into common stock.
Convertible Bonds
A type of bond that can be converted into a predetermined number of shares of the issuing company's stock, at the holder's option.
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