Question: (b) A company issuing converting preference shares (CPS) has specified that each CPS can be converted into a maximum of 50 ordinary shares. Whats the

(b) A company issuing converting preference shares (CPS) has specified that each CPS can be converted into a maximum of 50 ordinary shares. Whats the potential impact of this restriction on the wealth of CPS investors? Would this restriction make the CPS more attractive or less attractive to potential CPS investors?

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