Georgio enters issues preferred stock that will be mandatorily redeemed in cash in 15 years. What type of instrument is this and what is the form of settlement?

Select one:

a.A call option that is gross physically settled

b.A call option that is net-cash settled

c.A forward to purchase that is net cash settled

d.A forward to purchase that is gross physically settled

e.A call option that is net-share settled