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    Exam 4: The Share Market and the Corporation
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    A Security That Pays a Fixed Dividend and Usually Converts
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A Security That Pays a Fixed Dividend and Usually Converts

Question 62

Question 62

Multiple Choice

A security that pays a fixed dividend and usually converts to ordinary shares at a future date is called a:


A) corporate bond.
B) floating rate note.
C) preference share.
D) debenture.

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