A Step-Up in the Conversion Price Refers To

question 101

Multiple Choice

A step-up in the conversion price refers to:

• A) the ability of the company to step up the maturity of the bond to an earlier date.
• B) the provision that decreases the conversion ratio the longer a convertible bond is held.
• C) a refunding of a convertible bond when the conversion value equals the pure bond value.
• D) the ability of the holder to step up the conversion maturity to an earlier date.

Understand the implications of a preexisting duty rule on contract modifications and promises.

Assess the effect of paid and partially paid debts on the obligations of the parties involved.

Interpret the legal outcomes of specific case laws and their applicability to general contract principles.

Understand the concept and elements of consideration in contracts.

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