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美國CPA模擬試題：長期負債和應付債券（五）
為了幫助參加2015年美國cpa考試的學員鞏固知識，提高備考效果，正保會計網校特為大家整理了美國CPA考試模擬試題，希望幫助廣大考生一起學習一起進步。
Which of the following is generally associated with the terms of convertible debt securities?
a. A noncallable feature.
b. A feature to subordinate the security to nonconvertible debt.
c. An initial conversion price that is less than the market value of the common stock at time of issuance.
d. An interest rate that is lower than nonconvertible debt.
Explanation
Choice "d" is correct. The interest rate on convertible debt is generally lower than nonconvertible debt because of the value of the conversion feature.
Choice "c" is incorrect. The conversion price is generally greater than the market value of the common stock at the time of issuance.
Choice "a" is incorrect. This is not a typical feature of convertible debt securities.
Choice "b" is incorrect. Convertible debt is not typically subordinate to nonconvertible debt.
【我要糾錯】 責任編輯：藍色天空
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