EyeCare Corporation issued $10,000$ shares of $7\%,$ $$100$ par value preferred stock at the beginning of Year $1.$ The company did not pay dividends in Year $1.$ However, preferred stockholders received dividends for Year $1$ and Year $2,$ when the company declared dividends in Year $2.$ Preferred stockholders also have the option, under specified conditions, to return their shares for a predetermined price. Which of the following features are in present the preferred stock issued by EyeCare?

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