Examlex
Which of the following statements BEST describes an MBS parameter?
Convertible Bonds
Convertible bonds are types of bonds that can be converted into a predetermined number of shares of the issuing company's stock at certain times during the bonds' life, usually at the discretion of the bondholder.
Warrants
Securities that provide the holder the right to purchase the company's stock at a specified price before the expiry date.
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