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College Accounting
Quiz 20: Corporations: Formation and Capital Stock Transactions
The Ability to Convert Preferred Stock to Common Stock Can
Question 7
True False
The ability to convert preferred stock to common stock can make the preferred stock less attractive to investors.
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Related questions
Q 8
Common stock can be converted to preferred stock at the shareholder's discretion.
Q 9
Before dividends can be paid,they must be declared and voted upon by the shareholders.
Q 10
A reduction in dividends distributed to shareholders from one year to the next leads to loss of investor confidence and reduced market prices for the stock.
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