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      Question

      Which of the following is a stock that includes an

      option for the holder to  convert the preferred shares into a fixed number of common shares, usually any time after a predetermined date?
      A Warrant Correct Answer Incorrect Answer
      B Convertible Preferred Stock Correct Answer Incorrect Answer
      C Preferred Stock Certificate Correct Answer Incorrect Answer
      D Global Depository Receipt Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The correct answer is D

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