Which of the following provides the option to transform preferred stock into common stock?
A) paid in kind preferred stock
B) cumulative preferred stock
C) participating preferred stock
D) convertible preferred stock
E) non-cumulative preferred stock

Question

Quizplus · Accepted Answer

Convertible preferred stock includes a feature that allows holders to convert their preferred shares into a predetermined number of common shares.

Which of the Following Provides the Option to Transform Preferred