Convertible bonds are attractive to investors because
a. they usually carry a higher rate of interest than non-convertible bonds.
b. they carry a convertible interest rate that can be increased when the prime rate of interest increases.
c. they can be converted into stock at the issuer's option.
d. the issuing company cannot retire the bonds before maturity.
c
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a. complex b. specialized c. foreign d. indistinguishable
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What is a life estate?
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