Bond principles: Options convertible bond-may be exchanged for common stock in the company that issued the bond exchangeable bond-may be exchanged for shares in another firm Strong c4- Bond fundamentals 4-104 - 10 Strong C4 – Bond Fundamentals ◆ convertible bond - may be exchanged for common stock in the company that issued the bond ◆ exchangeable bond - may be exchanged for shares in another firm Bond Principles: Options