The "convertible exchangeable" feature of preferred shares gives the holder the sole right to exchange their preferred stock for common stock.

Name: The "convertible exchangeable" feature of preferred shares gives the holder the sole right to exchange their preferred stock for common stock.
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The "convertible" feature allows the holder to convert preferred shares into common stock, while "exchangeable" typically refers to the issuer's right to exchange preferred shares for other securities.

The "Convertible Exchangeable" Feature of Preferred Shares Gives the Holder