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question 2 Which of the following describe the terms of convertible debt securities? I. An interest rate that is generally lower than nonconvertible debt. II.

question 2 Which of the following describe the terms of convertible debt securities? I. An interest rate that is generally lower than nonconvertible debt. II. An initial conversion price that is less than the market value of the common stock at time of issuance. III. A feature to subordinate the security to nonconvertible debt.

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