Converting Preference Shares Offer a Guaranteed Price Prior to a Specified

question 76

Multiple Choice

Converting preference shares offer a guaranteed price prior to a specified conversion date:

• A)so that the holder is effectively protected against a fall in the price of the ordinary shares prior to conversion.
• B)so that the holder has the opportunity to profit from a fall in the price of the ordinary shares prior to conversion.
• C)so that the holder has the opportunity to profit from an increase in the price of the ordinary shares prior to conversion.
• D)so that the holder has the opportunity to profit from an increase in the price of the ordinary shares after the conversion.

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Definitions:

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