1) ________ preferred stock shares allow the shareholder to convert his shares to common shares at a predetermined rate or exchange ratio.

A) Convertible

B) Callable

C) Mandatorily redeemable

D) Cumulative

2) ________ preferred stock contains a provision that stipulates that, if the board of directors do not declare a dividend, the dividends to preferred accumulate.

A) Convertible

B) Callable

C) Mandatorily redeemable

D) Cumulative

3) ________ preferred shares are shares for which the issuing entity has the right to buy back the shares at a specified price and future date.

A) Convertible

B) Callable

C) Mandatorily redeemable

D) Cumulative