Answer:
d. may be exchanged for equity securities.
Explanation:
Convertible bonds
It is a debt security , which is fixed and which yields the interest payments , but it can be converted to a predetermined number of the equity shares or common stock .
The bond to stock conversion can be done at a number of times during the life of the bond .
These bonds are mostly issued by the companies which have low credit ratings and have potential of higher growth .
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Answer:
comparative advantage
Explanation:
Comparative advantage in finance is crucial for production because it helps nation to manufacture their goods with low opportunity cost compare to their co- partner in that production line.
Production which is an essential aspect in economics is a process of turning raw materials into finished goods are very crucial in each nation of the world and for economic process to be completed.
It should be noted that When nations increase production in their area of comparative advantage and trade with each other, both sides can benefit from it.
Answer:
The answer is: B) there is no consideration for Jack's promise.
Explanation:
Consideration (in contract law) is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.
Common law rules on contract modifications require some new consideration in order to modify an existing contract. In this case, only Jack added some new consideration (more money) to the written contract, Joe didn't add anything new.
