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Basic Question 11 of 18
A clause in the indenture of Convex Incorporated's 10-year coupon bonds specifies that they are exchangeable for the common stock of the company at a ratio of 10 shares per $1,000 par value.
B. This clause makes the bonds refundable.
C. This clause makes the bonds convertible.
A. This clause makes the bonds callable.
B. This clause makes the bonds refundable.
C. This clause makes the bonds convertible.
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Learning Outcome Statements
contrast cash flow contingency provisions that benefit issuers and investors
CFA® 2024 Level I Curriculum, Volume 4, Module 2.