Final answer:
The correct answer is d. Participating. Preferred stock terms can include being convertible, redeemable, and refundable.
Step-by-step explanation:
The correct answer is d. Participating. Preferred stock terms can include being convertible, which means that the stockholder has the option to convert their preferred stock into common stock. Preferred stock can also be redeemable, which means that the issuing company has the right to repurchase the stock from the stockholder at a predetermined price. Preferred stock can also be refundable, which means that the stockholder has the right to receive the original purchase price of the stock back when the stock is redeemed or repurchased.