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Basic Question 2 of 16
You want to own equity in a Russian oil firm, but the firm does not have traded stock. If it had ________ outstanding you could purchase them and then trade them in for shares of stock.
B. put bonds
C. call bonds
D. zero-coupon bonds
E. subordinated debentures
A. convertible bonds
B. put bonds
C. call bonds
D. zero-coupon bonds
E. subordinated debentures
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Learning Outcome Statements
describe fixed-income securities with embedded options;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.