Which of the Following Statements About Floating Rate Preferred Stock

question 103

Multiple Choice

Which of the following statements about floating rate preferred stock is true?

• A) The dividend rate changes quarterly relative to money market rates.
• B) The price of the stock will fluctuate with the market.
• C) The dividend rate is tied to the inflation rate.
• D) The conversion rate changes annually relative to bankers' acceptance rates.

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