A type of preferred stock that may be exchanged for a specified number of common shares in the future is called ___________________ _ preferred.
Fill in the blank(s) with correct word
Question 2
Use the ordinary interest method to find the rate of interest that Valley Mountain Vineyards pays on a loan of 5,500 for 234 days, if the amount of interest is 345.67. (Round to nearest tenth percent)
A) 8.3
B) 10.2
C) 14.5
D) 9.7