The Value of Convertible Preferred Stock Depends on the 12

The value of convertible preferred stock depends on the 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