What does it mean if a bond is lsquolsquoconvertible- what


1. What does it mean if a bond is ‘‘convertible''?

2. What is a junk bond?

3. How is total interest for long-term debt calculated?

4. Describe the process that businesses follow to sell new issues of long-term debt.

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Finance Basics: What does it mean if a bond is lsquolsquoconvertible- what
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