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3 All of the following statements regarding convertible bonds are true except: A. Holders of convertible bonds have the potential to profit from increases in

image text in transcribed 3 All of the following statements regarding convertible bonds are true except: A. Holders of convertible bonds have the potential to profit from increases in stock price. B. Holders of convertible bonds can choose when to convert to stock. C. Holders of convertible bonds have the option to not convert and continue receiving bond inter D. Holders of convertible bonds can choose how many shares of stock to receive at conversion. QUESTION 4 A dicount on bonds payable: A. Is a contra-asset account

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