Which of the Following Characteristics Apply to Straight Preferred Shares

question 36

Multiple Choice

Which of the following characteristics apply to straight preferred shares?

• A) I and II
• B) I, II, and III
• C) I, II, III, and IV
• D) I, II, IV, and V
• I.No maturity date
• II.Pay a fixed dividend
• III.Dividends are paid at regular intervals
• IV.Have a positive yield spread over long Canada bonds
• V.The right to sell them back to the issuer