Convertibility is a common feature of common stock; it allows the common stockholders to convert their common shares into preferred shares or into bonds.

Name: Convertibility is a common feature of common stock; it allows the common stockholders to convert their common shares into preferred shares or into bonds.
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Question

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Convertibility is a feature more commonly associated with preferred shares or bonds, allowing them to be converted into common stock, not the other way around.

Convertibility Is a Common Feature of Common Stock; It Allows