新用户扫码下载
扫码下载APP
及时接收最新考试资讯及
备考信息
美国CPA模拟试题：长期负债和应付债券（五）
为了帮助参加2015年美国cpa考试的学员巩固知识，提高备考效果，正保会计网校特为大家整理了美国CPA考试模拟试题，希望帮助广大考生一起学习一起进步。
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.
【我要纠错】 责任编辑：蓝色天空
新用户扫码下载
京公网安备 11010802044457号