Convertible preferred stock has a special provision that makes it possible to convert it to common stock of the corporation, generally at the stockholder's option.

Name: Convertible preferred stock has a special provision that makes it possible to convert it to common stock of the corporation, generally at the stockholder's option.
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Convertible preferred stock does have a special provision that allows it to be converted to common stock at the stockholder's option.

Convertible Preferred Stock Has a Special Provision That Makes It