An exchange may offer:
A)allow customers a 30 day money-back guarantee on the firm's product.
B)allow customers a 90 day warranty on the firm's product from defects.
C)allow bondholders to exchange some debt for stock.
D)allow stockholders to exchange some of their stock for debt.
E)Both C and D.

Question

Quizplus · Accepted Answer

Both options C and D involve exchanging one type of security for another, which is typically something that an exchange would facilitate. Options A and B involve product warranties, which are not typically the purview of an exchange.

An Exchange May Offer