If Preference Share Is Convertible, It Is So at the Option

question 89

Multiple Choice

If preference share is convertible, it is so at the option of the:

• A) Board of directors.
• B) CEO.
• C) CFO.
• D) Shareholders.

---

Definitions:

Bank Holding Company

A corporation that owns banks.

Private Banks

Financial institutions that are owned by private individuals or corporations instead of being owned by the government, offering banking services to individuals and businesses.

Depositors

Individuals or entities that hold accounts with banks or financial institutions, entrusting their funds for safekeeping and earning interest.

Money Market Mutual Fund Account

An investment account that pools money from individuals to invest in short-term, high-quality securities, often offering liquidity and low risk.