Stocks trade on organized stock exchanges. The major stock exchanges in the United States include the following EXCEPT FTSE NYSE NASDAQ AMEX A convertible bond is a type of bond that has the following unique characteristic..... It gives the issuer the right to repay the bond after the convertible date It gives the bondholder the right to convert the bond to common stock It gives the issuer the right to convert the bond to equity It gives the bondholder the right to convert the bond to cash