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Caroline has been working for Segal Paper Co. for five years, when she undergoes a profound religious conversion experience. Prior to that experience, she had not been a member of any religion. Her new found religion requires that she not work in close proximity to unmarried males. She works on an assembly line, where many positions are occupied by men. Must her employer accommodate this after-acquired religious restriction?
Expiration Date
The specified date on which an option, futures contract, or other derivative expires, and settles by either physical delivery or cash settlement.
Convertible Bond
A convertible bond is a type of bond that can be converted into a predetermined number of the issuing company's shares at the discretion of the bondholder, typically at certain times during its life.
Conversion Value
In convertible securities, the value of the security if it were converted into a different form, such as from a bond to stock.
Straight Bond Value
The value of a bond that pays a fixed interest rate and does not have any embedded options or features.
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