Congratulations!

You have reached the end of the chapter 18 module, Hybrid Securities - Preferred Stock and Convertible Securities.

In the Chapter 18 module, you have

Be introduced to the two major forms of hybrid securities, preferred stock and convertible securities
Examine the advantages and disadvantages of preferred stocks and convertible securities

You should now be able to

Identify the advantages and disadvantages of preferred stock and convertible securities
Describe the main reason that preferred stock is most likely owned by corporations instead of retail investors
Calculate the various measures of convertible securities

We are at a significant milestone, Dear Students. We have covered the major investment alternatives for the vast majority of investors. In our next module, we will look back at what we have covered and attempt to tie it all together. See you in the next module, Diversification and Risky Asset Allocation.