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Consider two corporate bonds identical in all respects except that one is conver
Consider two corporate bonds identical in all respects except that one is conver
游客
2025-06-20
1
管理
问题
Consider two corporate bonds identical in all respects except that one is convertible and the other is not. The return on the convertible bond should be______.
选项
A、higher than that on the unconvertible bond
B、lower than that on the nonconvertible bond
C、the same as that on the nonconvertible bond
D、that one cannot tell which one of the two bonds should have a higher return
答案
B
解析
答案为B项。可转换债券的收益低于不可转换债券。故本题选B项。
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