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56 sats \ 2 replies \ @Wumbo 21h \ on: Profiles of STRK, STRF and STRD Stacker_Stocks
Does one have to convert STRK if it hits the strike price of $1000?
Is it done automatically or does one have to submit a request?
If MSTR hits $1,000, you are not forced to convert.
If you do not convert, you will keep collecting the 8% dividend.
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Think of a preferred stock as an option, you have the option to convert or not, abort or not
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