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true or false. Convertible preferred stock may be exchanged, at the corporation's option, for a specified number of shares of common stock.
Convertible preferred stock may be exchanged, at the corporation's option, for a specified number of shares of common stock. TRUE.
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Asked 9/22/2012 8:07:05 AM
Updated 6/9/2016 6:05:25 PM
1 Answer/Comment
Flagged by emdjay23 [6/9/2016 2:39:24 PM], Edited by Andrew. [6/9/2016 6:05:24 PM], Unflagged by Andrew. [6/9/2016 6:05:25 PM]
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Convertible preferred stock may be exchanged, at the corporation's option, for a specified number of shares of common stock. TRUE.
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Added 6/9/2016 2:39:22 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [6/9/2016 6:05:26 PM]
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