A Security That Pays a Fixed Dividend and Usually Converts

question 62

Multiple Choice

A security that pays a fixed dividend and usually converts to ordinary shares at a future date is called a:

• A) corporate bond.
• B) floating rate note.
• C) preference share.
• D) debenture.

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Definitions:

Accept Blame

The act of taking responsibility for a mistake or failure.

Direct Strategy

A communication method where the main point or objective is stated outright at the beginning.

Bad News

Information that is unwelcome, unfavorable, or disappointing to the receiver.

Hostile Reaction

An aggressive or negative response to a situation, statement, or action.