1. Stock purchase plans can be compensatory or non-compensatory. Which of the fo
ID: 2446363 • Letter: 1
Question
1.
Stock purchase plans can be compensatory or non-compensatory. Which of the following is not a characteristic of a non-compensatory stock purchase plan?
It is open to almost all full-time employees.
All of these are characteristics.
The plan offers no substantive option feature.
None of these answers are correct
The discount from market price is small.
2
A typical company can have multiple types of equity and debt instruments in its capital structure. Convertible bonds are one type of debt instrument that could be present. Convertible bonds _________________________.
pay interest only in the event earnings are sufficient to cover the interest.
are usually secured by a first or second mortgage.
none of these answers are correct
may be exchanged for equity securities.
have priority over other indebtedness.
Explanation / Answer
1. all of these are characterstics.
2. are usually secured by a first or second mortgage.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.