Debentures That the Holder (Lender) Can Exchange, Possible After Some

question 53

Multiple Choice

Debentures that the holder (lender) can exchange, possible after some specific period of time has elapsed, for a specific number of shares of common stock or, perhaps, preferred stock of the borrower are called _____ bonds.

• A)sinking fund
• B)zero coupon
• C)serial
• D)convertible
• E)callable

---

Definitions:

Subject

The person or thing that is being discussed, described, or dealt with in any given context.

Proposition

An expression of some truth or principle presented for acceptance or rejection.

Term

An expression or word used in logic or mathematics to represent a specific concept, quantity, or entity.

Quito

The capital city of Ecuador, known for its well-preserved historical center and high elevation.