Latetia Owns a Convertible Bond

question 56

Multiple Choice

Latetia owns a convertible bond.Which one of the following terms would describe the value of this bond if it were not convertible?

• A)conversion premium
• B)straight bond value
• C)conversion value
• D)inverted value
• E)market value

---

Definitions:

Sensory Memory

The memory of an event that is recorded by sensory neurons that lasts for a very brief time after the event ends.

Iconic Memory

The visual memory of an event stored in the sensory register.

Echoic Memory

The auditory memory of an event stored in the sensory register.

Serial Position Effect

The faster learning and greater recall of items at the beginning and end of a list rather than at the middle of the list.