If a bond can be exchanged for common stock if the stock reaches a specified price, the bond is a(n) ________
Fill in the blank(s) with the appropriate word(s).
Answer: convertible bond
Business
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Maywood held a life estate in a property, which he lease to Sheffield for 5 years. Maywood died shortly after Sheffield moved in. Under such circumstances:
a. Maywood, as holder of a life estate, had no right to lease to anyone. b. Sheffield's lease may continue for the full 5 year term c. Sheffield's lease ended at the death of Maywood d. Sheffield's lease must be reaffirmed by the executor of Maywood's estate
Business
Which of the following best represents economy for a continuing public relations effort?
A. Internal department advantage C. External firm advantage B. Internal department disadvantage D. External firm disadvantage
Business