Which of the following is/are not true?
a. Convertible preferred shares give the holder of preferred shares the right to convert the preferred shares into a specified number of common shares under certain specified conditions.
b. Changes in the market price of convertible preferred shares will often parallel changes in the market price of common shares because of the conversion option.
c. Convertible preferred shares provide the security holders with the possibility of capital appreciation by converting the preferred shares into common shares if the market price of the common shares rises sufficiently.
d. The issuing firm benefits from issuing convertible preferred shares, because these shares carry a lower dividend rate than purchasers otherwise would have required to buy the shares for a given price.
e. none of the above
E
You might also like to view...
What is the value of cell B7?
a) 1.80
b) 2.17
c) 2.32
d) 2.50
e) 2.73
Which type of format is most often used for routine requests?
A) Indirect B) Direct C) Implicit D) Persuasive E) Good news
Jerry received a bill for $300 from Johnson for a tune-up Johnson had performed on Jerry's car. Jerry called Johnson and told him, "The car runs no better now than before the tune-up. I am sending you $100 and no more." Johnson received the $100 check which was marked "paid in full" and cashed it. Jerry is still liable to Johnson for $200
a. True b. False Indicate whether the statement is true or false
When indirect materials are issued to production, the Manufacturing Overhead account is credited
Indicate whether the statement is true or false