Shareholders of Convertible Preferred Stock Generally Have The

Shareholders of convertible preferred stock generally have the:

A) Right to convert their shares into bonds with an equivalent yield-to-maturity.
B) Obligation to convert their shares into callable shares of common stock.
C) Obligation to convert their shares into shares of common stock.
D) Right to convert their shares into cash at par value at their discretion.
E) Right to convert their shares into shares of common stock.