New Enroll in RBI Grade B New Batch - Starts on May 21

    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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