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ch4aika [34]
4 years ago
10

Convertible bonds are usually secured by a first or second mortgage.pay interest only in the event earnings are sufficient to co

ver the interest. may be exchanged for equity securities. have priority over other indebtedness.
Chemistry
1 answer:
Mademuasel [1]4 years ago
7 0

Answer:

may be exchanged for equity securities.

Explanation:

Convertible bonds -

It refers to the type of bond which can easily be converted to stocks .

It refers to as the fixed - income debt security which can give the interest payments and can be converted to some predetermined number of equity shares and common stock , is referred to as convertible bonds .

The process of conversion can be done at any time period of the bond .

Hence , from the given information of the question ,

The correct answer is may be exchanged for equity securities.

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