Convertible preferred stock 12.Convertible preferred stock
1) pays a fixed dividend
2) pays a variable dividend
3) may be converted into the firm's bonds
4) may be converted into the firm's stock
A) 1 and 3
B) 1 and 4
C) 2 and 3
D) 2 and 4
Correct Answer:
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Q23: The dividends paid by a convertible preferred
Q26: If interest rates fall, the investor will
Q27: The price of a convertible bond increases
Q28: When interest rates rise, the price of
Q31: Convertible bonds sell for a premium over
Q33: When a convertible bond is called,
1. interest
Q34: A put bond permits
A)the investor to convert
Q35: As the price of common stock rises,
A)the
Q38: Put bonds tend to have lower coupons
Q39: If the price of common stock falls,
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