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
Marketing MCQ
A. convertible bond
B. lease
C. secured bond
D. bond
E. debenture
Answer: A. convertible bond