A bond whose coupon rate is below the current market yield will have a price: (a) Equal to its maturity value (b) Of 100. (c) More than its maturity value (d) Less than its maturity value (e) That cannot be determine You hold a preference share that normally pays a dividend of 9% of the shares par value. If the company makes excess profits, you cannot receive more than 9%. You can receive less than 9% if there are insufficient cash to pay the entire dividend. In the latter case, in future years you will receive all the dividends that you have missed out on before ordinary shareholders can be paid a dividend. You do have the right to vote at the company's annual general meeting. The company has the right to buy back the share from you at specified future dates. This share would be described as a: (a) A cumulative, participating, redeemable preference share (b) A cumulative, non-participating, redeemable preference share (c) A non-cumulative, participating, non-redeemable preference share (d) A cumulative, non-participating, non-redeemable preference share (e) A non-cumulative, non-participating, non-redeemable preference share