Convertible preferred stock may be exchanged by the stockholder for the issuing corporation's common stock.

Name: Convertible preferred stock may be exchanged by the stockholder for the issuing corporation's common stock.
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Convertible preferred stock gives the holder the right to convert their preferred shares into a predetermined number of the issuing corporation's common stock, typically at specific times and under certain conditions.

Convertible Preferred Stock May Be Exchanged by the Stockholder for the Issuing