Which of the Following Characteristics Apply to Retractable Preferred Shares

question 25

Multiple Choice

Which of the following characteristics apply to retractable preferred shares?

• A) I and II
• B) I, II, and III
• C) I, II, III, and IV
• D) II, III, and IV
• I.No maturity date
• II.Pay a fixed dividend at regular intervals
• III.Have a positive yield spread (before tax)over mid-term Canada bonds
• IV.The right to sell them back to the issuer

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