Abstract
The objective of this paper is to provide the reader with a comprehensive view of convertible preferred stocks and the opportunities and dangers that they pose for the issuing corporation and the investing public. This paper will view the attributes of the convertible preferred stock from the vantage point of the issuer, the purchaser, and the general public. We will first concern ourselves with the definition of the convertible preferred stock, a little of the history of its use, and its characteristics.