Securities issued as debt but intended by the issuing company to be exchanged for shares by the investor prior to maturity are called:
A)convertible debt
B)discount bonds
C)hybrid securities
D)options

Question

Quizplus · Accepted Answer

Convertible debt is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company, usually at certain times during its life, often at the discretion of the bondholder.

Securities Issued as Debt but Intended by the Issuing Company