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Extractors Tractor Inc. has decided to issue convertible preferred stock that will have a par value of $72 & a stated dividend of 5%. Each

Extractors Tractor Inc. has decided to issue convertible preferred stock that will have a par value of $72 & a stated dividend of 5%. Each share of preferred stock can be converted into six shares of common stock.

-what is the annual dividend per share on the preferred stock?

-When should investor consider converting into Extractors common stock?

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