. the initial stated value of each share of aag series a preferred stock is $ 25.00 and accrues dividends at 6.25% ( 6.25 % ) per annum , calculated daily , while outstanding . additionally , aag series a preferred stock converts to aag common stock based upon the volume weighted average price of the shares of aag common stock on the five trading days immediately preceding the conversion date , at a 3.5% ( 3.5 % ) fixed discount , subject to a conversion price floor of $ 10