Convertible preferred stock conveys what additional benefit over common stock?

select one:

a. convertible preferred stock has a fixed dividend yield exceeding the return for common stock.

b. unpaid dividends on convertible preferred stock are never paid before common stock dividends.

c. convertible preferred stock has a senior claimant position in bankruptcy.

d. convertible stock can be converted into the company's debt security.

e. all of the above

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?