If Preferred Shares Are Callable, Then

question 46

Multiple Choice

If preferred shares are callable, then:

• A)There cannot be dividends in arrears.
• B)The shareholders can exchange the preferred shares owned for common shares.
• C)The corporation may, at its option, purchase the preferred shares for a specified cash price.
• D)The preferred shareholder can turn the preferred shares in for a specified cash price.

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