A convertible bond is a bond that can be exchanged,at the owner's option,for a specified number of shares of the corporation's common stock.

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A convertible bond is a hybrid security that has characteristics of both a bond and a stock. It allows the bondholder the option to convert the bond into a specified number of shares of common stock. This feature makes it an attractive investment option for investors who want to participate in the potential growth of the company's stock while still receiving income from the bond.

A Convertible Bond Is a Bond That Can Be Exchanged,at