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Convertible bonds are retired when bondholders choose to convert them into shares of___________

User AMing
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1 Answer

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Final answer:

Convertible bonds are retired when bondholders choose to convert them into shares of stock.

Step-by-step explanation:

Convertible bonds are retired when bondholders choose to convert them into shares of stock. When a company issues convertible bonds, it gives bondholders the option to exchange their bonds for a predetermined number of company shares. This provides bondholders with the opportunity to benefit from any future increase in the company's stock price.

User Emem
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