Which of the Following Is not a Typical Characteristic of a Convertible

question 40

Multiple Choice

Which of the following is not a typical characteristic of a convertible preferred stock?

• A) They are cumulative but not participating.
• B) The conversion privilege normally expires before maturity.
• C) They have no sinking fund or purchase fund.
• D) They have a fixed conversion rate.
• E) There is generally no waiting period before conversion can take place.

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