A convertible bond is a fixed-income debt security that yields interest payments,and can also be converted into a set number of common stock shares

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

Which of the following is true of convertible bonds?

A convertible bond can be exchanged for a predetermined amount of preferred stock

A convertible bond is a variable income debt security.

A convertible bond can be converted into a variable number of common stock shares

A convertible bond is a fixed-income debt security that yields interest payments