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For each description, select the term it best matches. (a) Preferred shares that give the shareholder the right to redeem shares at their option. (b)
For each description, select the term it best matches. (a) Preferred shares that give the shareholder the right to redeem shares at their option. (b) (c) The type of corporation whose shares are traded in an organized security market, such as the Toronto Stock Exchange. Preferred shares that give the issuing corporation the right to repurchase the shares at a specified price and date. The maximum number of shares a corporation is allowed to sell. (d) (e) The number of shares a corporation has actually sold. (f) The first time a corporation's shares are offered to the public. (g) A special voting right where the holder of one common share is entitled to more than one vote for each of the common shares owned. The following information is available about the capital structure for Sheridan Corporation: . Total share capital for Class A common shares as at the end of the year was $2.2 million. Total share capital for the preferred shares as at the end of the year was $24.6 million. Common shares, Class A: 1.7 million authorized and outstanding. The Class A common shares are entitled to three votes per share and to receive dividends as declared by the board of directors. Preferred shares: unlimited authorized, 2.9 million issued and outstanding. The preferred shares are entitled to one vote per share and to receive a preferential cumulative dividend of $0.40 per share per year. After the Class A common shares are paid the same return, the preferred shares are entitled to participate equally with the Class A common shares in any further dividends
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