a. Securities that have characteristics of both debt and equity
Explanation:
A convertible bond is a debt security that can be converted into a certain number of shares and this can be done during specific times in the life of the bond. According to this, convertible bonds are examples of securities that have characteristics of both debt and equity as they are a type of debt that pays interest but can be turned into shares.
Products. I’m not 100% sure because I don’t fully understand what your asking but if you are talking as in chemical reactions, the answer is a product.
