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convertible preferred stock

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

Preferred stock that can be exchanged by the holder for a specified number of shares of common stock of the same company.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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