1. Shares of stock that are repurchased with the intention of no longer being traded are called: Please explain.

a. retired shares b. paid-in capital in excess of par c. cumulative dividend preference d. conversion privilege e. participating dividend preference f. stock dividend

2. The preferred stock feature that provides for preferred stock to be exchanged for common stock is called: Please explain.

a. retired shares b. paid-in capital in excess of par c. cumulative dividend preference d. conversion privilege e. participating dividend preference f. stock dividend