You Laugh Out Loud During a New Automobile Insurance Commercial

question 13

Multiple Choice

You laugh out loud during a new automobile insurance commercial. Your laughter in response to the advertisement is a(n) __________; the insurance being advertised is a(n) ________.

• A)UR; US
• B)UR; CS
• C)CR; US
• D)CR; CR

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Definitions:

Convertible Bonds

These are corporate bonds that holders can convert into a predetermined number of shares of the issuing company's stock, combining features of both debt and equity.

Specified Exchange Rate

A predetermined rate at which two currencies will be exchanged in a financial transaction.

Stock

An ownership share in a company that represents a claim on part of the corporation's assets and earnings.