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A company issuing converting preference shares (CPS) has specified that each CPS can be converted into a minimum of 100 ordinary shares. What's the potential

A company issuing converting preference shares (CPS) has specified that each CPS can be converted into a minimum of 100 ordinary shares. What's the potential impact of this restriction on the wealth of CPS investors?

Would this restriction make the CPS more attractive or less attractive to potential CPS investors?

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