Consider the possible advantages of convertible bonds for investors: I. II III. IV. the conversion feature enables
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Consider the possible advantages of convertible bonds for investors:
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I. II III. IV. the conversion feature enables the convertible to participate in major upward moves in the price of the underlying common stock the bonds are typically secured by specific assets of the issuing company investors may redeem their bonds at the stated conversion price any time during the life of the issue the yield on the convertible will almost always be higher than the yield on the underlying common stock Which are true? a. b. C. d. I and II only II and III only I and III only I and IV only
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