Cconvertable bonds are: 1. Options attached to bonds that give the bond holder the right to purchase stock at a preset price without giving up the bond. 2. Bonds in which the issue matures (Converts)...

Cconvertable bonds are:

1. Options attached to bonds that give the bond holder the right to purchase stock at a preset price without giving up the bond.

2. Bonds in which the issue matures (Converts) a little each year.

3. Bonds colateralized with certain types of automobiles

4. Bonds that may be converted to a certain number of shares of stock determined by the conversion ratio.

A. Only 1

B. 1 & 2

C. 1, 2, & 3

D. Only 4

E. 1 & 3