What are convertible securities?

A. Convertible securities are bonds or preferred stock that allow the owner to convert them into cash within 90 days of purchase.

B. Convertible securities are bonds or preferred stock that automatically convert into common stock after 90 days of purchase.

C. Convertible securities are bonds or preferred stock that allow the owner to convert them into common stock.

D. Convertible securities are bonds or preferred stock that managers negotiate as part of their compensation package.