Please may you explain why the answer is C for the following question: Which of the following would you normally expect to produce the highest running yield? A Ordinary share B Pref Shares C Loan Stock D Convertible loan stock
I think the first 2 have voting rights and the 4th can be converted to a share and so also has voting rights , so the loan stock requires some sort of benefit to make up for this and it usually comes in the form of a higher return
