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Basic Question 3 of 18
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. debentures
D. zero-coupon bonds
E. subordinated debentures
A. convertible bonds
B. put bonds
C. debentures
D. zero-coupon bonds
E. subordinated debentures
User Contributed Comments 2
| User | Comment |
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| Inaganti6 | Bill Browder wouldn't like this plan much |
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
contrast cash flow contingency provisions that benefit issuers and investors
CFA® 2025 Level I Curriculum, Volume 4, Module 2.