_____ stock gives its owner the option of exchanging it for common stock.
A)Convertible preferred
B)Dividend payable
C)Cumulative preferred
D)Bonded

Name: _____ stock gives its owner the option of exchanging it for common stock. A)Convertible preferred B)Dividend payable C)Cumulative preferred D)Bonded
Brand: Quizplus
Rating: 4.7 (42 reviews)

Question

Quizplus · Accepted Answer

Convertible preferred stock gives its owner the option to convert it into a specified number of shares of common stock, usually at any time after a predetermined date.

_____ Stock Gives Its Owner the Option of Exchanging It