Which of the following is a not a hybrid security?
A)A non- step- up preference share
B)A convertible bond
C)A bank accepted bill
D)A reset preference share

Question

Quizplus · Accepted Answer

A bank accepted bill is not a hybrid security as it is a short-term promissory note issued by a company that is guaranteed by a bank. A non-step-up preference share, a convertible bond, and a reset preference share are all examples of hybrid securities as they have characteristics of both debt and equity securities.

Which of the Following Is a Not a Hybrid Security