Home › CBSE Class 11 (Commerce) › Business Studies › Sources of Business Finance › Preference shares that can be turned into equity…
Preference shares that can be turned into equity shares are called what?
AConvertible
BCumulative
CParticipating
DRedeemable
Answer & Solution
Correct answer: A. Convertible
Preference shares convertible into equity within a set time are convertible preference shares.
Related questions
Which is true of the choice of a source of funds?Short-term financing mostly funds which kind of asset?Besides finance, development institutions also provide what?Financial institutions mainly meet which type of requirements?Government financial institutions are also called what?Before sanctioning a loan, a commercial bank requires the borrower to do what?A bank loan does not need which formality?A merit of bank loans is that business secrecy is what?