Which of the following is not considered a perpetual security?
A) Common shares
B) Perpetual bond
C) Straight preferred shares
D) Mandatory convertible preferred stock

Question

Quizplus · Accepted Answer

Mandatory convertible preferred stock is not considered a perpetual security because it has a mandatory conversion feature that converts it into a different security (common shares) after a certain period, unlike perpetual bonds, common shares, and straight preferred shares which do not have a set maturity date.

Which of the Following Is Not Considered a Perpetual Security