A corporate bond that can be exchanged for stock is called a(n) ________
A) debenture bond
B) secured bond
C) convertible bond
D) equity bond
E) IPO bond
C
Explanation: C) A convertible bond is one that can be exchanged for a given number of shares of stock in the company. A debenture bond is an unsecured bond with only the company's promise to pay behind it. A secured bond is a bond that is backed by collateral that can be sold to reimburse bondholders.
Business
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a. true b. false
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