To be truly marketable, a security must ________.
A) be highly rated by a credit rating agency
B) have the characteristics of a callable bond
C) be readily convertible into cash
D) have a maturity of 10 years or more

Question

Quizplus · Accepted Answer

The ability to convert the security into cash is a key characteristic of marketability. Highly rated credit ratings, callable bond characteristics, and long maturity may be attractive features for investors, but do not necessarily determine marketability.

To Be Truly Marketable, a Security Must ________