Liquid yield option notes or LYONS have which of the following characteristics?
I. convertibility at a fixed conversion ratio
II. high coupon rates
III. a put feature that guarantees the right to redeem the bonds at a prespecified price
IV. convertibility at a fixed conversion price
A) I and III only
B) II and IV only
C) I and IV only
D) II and III only

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The Answer of Liquid yield option notes or LYONS have which of the following characteristics?
I. convertibility at a fixed conversion ratio
II. high coupon rates
III. a put feature that guarantees the right to redeem the bonds at a prespecified price
IV. convertibility at a fixed conversion price
A) I and III only
B) II and IV only
C) I and IV only
D) II and III only

Liquid Yield Option Notes or LYONS Have Which of the Following