Most bonds pay semiannual interest, have a maturity date and are callable.
Each bond can be exchanged before maturity, at the Option Trading stock holder's option, into 12.2 shares of common stock. The convert's two important advantages over the stock trading are a higher yield and a more senior claim on assets in case of bankruptcy. Get the upper edge on the stock market game with convertible bonds. Investment services can help your online stock trading needs. Give your stock broker a call or contact investment services.