If a corporate security can be exchange for a fixed number of shares of stock,the security is said to be:
A)callable.
B)convertible.
C)protected.
D)none of the options.

Question

Quizplus · Accepted Answer

If a security can be exchanged for a fixed number of shares of stock, it is known as a convertible security. This means that the security can be converted into another security, in this case, a fixed number of shares of stock.

If a Corporate Security Can Be Exchange for a Fixed