?The value of convertible preferred stock as common stock depends on 1. the exercise terms 2. the dividend paid by the preferred 3. the price of the common stock

A. ?1 and 2
B. ?1 and 3
C. ?2 and 3
D. ?1, 2, and 3


Answer: B

Business

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Frank is the purchasing manager at Marc's Auto Bodyand places orders for routine products such as office supplies and items needed for service and repair of vehicles. He typically purchases tools from the Snap-ondealer and orders a variety of nuts, bolts, and hardware from Grainger. He really likes purchasing from Grainger since he can utilize their website where he has an intranet portal to easily place orders and receive a company discount. Grainger makes it easy and convenient as well by providing a list of previously purchased items that Frank can select and simply click "reorder." What type of purchase process does Frank use when buying these items from Grainger?

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What will be an ideal response?

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