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Basic Question 3 of 18

You want to own equity in a Russian oil firm, but the firm does not have traded stock. If it had ______ outstanding you could purchase them and then trade them in for shares of stock.

A. convertible bonds
B. put bonds
C. debentures
D. zero-coupon bonds
E. subordinated debentures

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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

contrast cash flow contingency provisions that benefit issuers and investors

CFA® 2025 Level I Curriculum, Volume 4, Module 2.