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Basic Question 2 of 16

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. call bonds
D. zero-coupon bonds
E. subordinated debentures

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Inaganti6 Bill Browder wouldn't like this plan much
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

describe fixed-income securities with embedded options;

CFA® 2025 Level II Curriculum, Volume 4, Module 28.