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Click Here For More Specific Information On: Quality Systems Manager Submitted by: Richard Mills Question: 1 Which of the following preferred issues is likely to fluctuate most in value? A. cumulative preferred B. callable preferred C. convertible preferred D. broker preferred Answer: C Explanation: Convertible preferred. Because of the conversion feature, convertibles are more closely linked to the price of the common stock. In addition, since the dividend rate on convertible preferred is usually lower than other preferred issues, the convertibles are more sensitive to interest rate fluctuations. Question: 2 Which of the following rights does an ADR holder not have? A. preemptive rights B. the right to vote for…