The price of a convertible bond is often 1. greater than its value as stock 2. l

Question

The price of a convertible bond is often 1. greater than its value as stock 2. less than its value as stock 3. greater than its value as debt 4. less than its value as debt ****** Common features of preferred stock include a. variable, non-cumulative dividends b. fixed, non-cumulative dividends c. variable, cumulative dividends d. fixed, cumulative dividends ***** Features of convertible bonds include 1. fixed dividends 2. call feature 3. maturity date Answer a. 1 and 2 b. 2 and 3 c. 1 and 3 d. 1, 2, and 3 . .

Explanation / Answer

b. 2 and 3

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