[Series 66] 10, Common Preferred and Convertible Stock

Podcast: Open Exam Prep · Ran Chen, EA, CFP®

Opublikowano: 2026-10-03

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • Characteristics and voting rights of common stock versus preferred stock. • How cumulative, straight, participating, and callable preferred stock function. • Mechanics of convertible preferred stock and calculating conversion parity. • Corporate liquidation priority across debt, preferred, and common equity. • Key test traps surrounding cumulative preferred stock and cumulative voting. For additional study materials, practice questions...