Callable preferred stock that is not convertible is stock that: O may be repurchased at a designated price by the corporation at the corporation's option. O may be resold to the corporation at a designated price, at the stockholder's option. O is preferred stock which may be exchanged for common stock. can be bought from the corporation at the call price. Question 30 2 pts The preemptive right refers to the right of stockholders to: preempt any decision made by the board of directors if they do not agree with the decision. o elect the board of directors. buy additional shares of stock on a proportional basis as they are issued. O turn in their preferred stock for common stock