A Redeemable Preference Share Is One That May Be

question 15

Multiple Choice

A redeemable preference share is one that may be:

• A) converted into debt at the option of the shareholder.
• B) converted into cash at the option of either the company or the shareholder.
• C) forgiven any future calls where the company has profits in excess of specified levels.
• D) have any dividends converted into further preference shares rather than receiving them in cash.

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