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According to the authors of your text, when the Bush administration received evidence that there were no weapons of mass destruction in Iraq-but after they had already invested troops and money in the war-the administration engaged in
Convertible Bond
A bond that can be converted into a specified number of shares of stock at the owner’s discretion.
Conversion Price
The predetermined price at which convertible securities can be converted into common stock.
Conversion Ratio
A ratio set at the time bonds are issued; determines the number of shares that can be exchanged for a bond.
Bond Rating
An evaluation made by credit rating agencies regarding the credit worthiness of a corporation's or government's debt issues, reflecting the likelihood of default.
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