Preferred Shares That Give the Shareholders the Option of Exchanging

question 5

Multiple Choice

Preferred shares that give the shareholders the option of exchanging their preferred shares for common shares at a specified rate are known as:

• A) Callable preferred shares.
• B) Convertible preferred shares.
• C) Cumulative preferred shares.
• D) Participating preferred shares.
• E) Noncumulative preferred shares.

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