A convertible preferred stock issue normally will sell for a lower price than the same issue would without the conversion feature.

Name: A convertible preferred stock issue normally will sell for a lower price than the same issue would without the conversion feature.
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Quizplus · Accepted Answer

Convertible preferred stock typically sells at a higher price than non-convertible preferred stock because the conversion feature adds value by offering the potential for conversion into common stock, usually at the benefit of the holder.

A Convertible Preferred Stock Issue Normally Will Sell for a Lower