Question

What are convertible preference shares?

Answer 1

Answer:

Convertible preferred stock is a type of preferred stock that gives holders the option to convert their preferred shares into a fixed number of common shares after a specified date. Venture capitalists typically receive convertible preferred stock when they invest in a startup.

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Answer 2

Answer:

Convertible preferred stocks are preferred shares that include an option for the holder to convert the shares into a fixed number of common shares after a predetermined date. ... The value of a convertible preferred stock is ultimately based on the performance of the common stock.

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