Which of the Following Is Not a Characteristic of Convertible

question 90

Multiple Choice

Which of the following is not a characteristic of convertible bond issues?

• A) The average size of the offering is small.
• B) A 15-20% conversion premium at time of issue is common.
• C) Large companies with billions of dollars in sales and assets are the primary issuers.
• D) Primary issuers tend to have less than AAA credit ratings.

---

Definitions:

Rudolph Valentino

An Italian-American silent film actor who became a pop culture icon in the early 20th century, known for his roles in films like "The Sheik."

Clara Bow

An iconic American actress and leading sex symbol of the 1920s, known for her vivacious personality and roles in silent and early sound films.

Southern Democrats

A political faction that represented the interests of the southern United States before the Civil War, advocating for states' rights and the extension of slavery.

Civil Rights

The rights of citizens to political and social freedom and equality, often protected by law against discrimination and other injustices.