Which of the Following Is/are Not True

Which of the following is/are not true?

A) Convertible preferred shares give the holder of preferred shares the right to convert the preferred shares into a specified number of common shares under certain specified conditions.
B) Changes in the market price of convertible preferred shares will often parallel changes in the market price of common shares because of the conversion option.
C) Convertible preferred shares provide the security holders with the possibility of capital appreciation by converting the preferred shares into common shares if the market price of the common shares rises sufficiently.
D) The issuing firm benefits from issuing convertible preferred shares, because these shares carry a lower dividend rate than purchasers otherwise would have required to buy the shares for a given price.
E) none of the above