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Which benefits do convertible preferred stockholders hold? I. The securities carry a fixed dividend yield. II. The securities carry a senior claimant position in bankruptcy.
Which benefits do convertible preferred stockholders hold?
I. | The securities carry a fixed dividend yield. |
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II. | The securities carry a senior claimant position in bankruptcy. |
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III. | The owner can convert the debt or equity security into another equity security. |
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Select one:
A. I only
B. I and II
C. I, II and III
D. III only
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