By Buying a ________ Bond, Investors Will Have an Option

question 291

Multiple Choice

By buying a ________ bond, investors will have an option to exchange their bond for shares of common stock in the company at a future date.

• A) discount
• B) contingent
• C) convertible
• D) preferred

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Definitions:

Marshall Plan

An American initiative passed in 1948 to aid Western Europe, in which the U.S. gave over $12 billion in economic assistance to help rebuild Western European economies after the end of World War II.

Western Europe

A region comprising the western part of Europe, often associated with democratic political systems, advanced economies, and a high standard of living.

World's Greatest Power

A term often used to describe a nation or state that holds dominant economic, military, and political influence globally.

Korean War

A conflict from 1950 to 1953 between North Korea, supported by China and the Soviet Union, and South Korea, supported by the United Nations, primarily the United States.