A​ ______ tends to have lower interest rates and can be replaced at the​ possessor's preference and transformed into common stock of the issuing company.

A​ ______ tends to have lower interest rates and can be replaced at the​ possessor's preference and transformed into common stock of the issuing company.



A. convertible bond

B. lease

C. secured bond

D. bond

E. debenture



Answer: A. convertible bond


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Marketing Chapter 18

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