Olivia Owns Convertible Securities in a Company That Manufactures Electrical

Multiple Choice

Olivia owns convertible securities in a company that manufactures electrical appliances. If the conversion ratio for the convertible securities is 50, it means that:

A) Olivia can resell the 50% of the convertible securities that she owns to other preferred stockholders.
B) Olivia can exchange half of the convertible securities that she already owns with shares of common stock.
C) Olivia can exchange each convertible security that she owns for 50 shares of common stock.
D) Olivia can sell each convertible security that she owns for $50.