The Principal Difference Between the Two Main Hybrid Instruments Is

Multiple Choice

The principal difference between the two main hybrid instruments is:

A) convertible notes pay interest, and convertible preference shares pay dividends.
B) convertible notes pay dividends, and convertible preference shares pay interest.
C) convertible notes convert to ordinary shares, and convertible preference shares are split to a fixed ratio.
D) convertible notes convert to preference shares, and convertible preference shares convert to ordinary shares.