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if preferred shares are callable, then: A. the corporation may, as its option, purchase the preferred shares for a specified cash price. B. The preferred
if preferred shares are callable, then:
A. the corporation may, as its option, purchase the preferred shares for a specified cash price.
B. The preferred shareholder can turn the preferred shares in for a specified cash price.
C. The shareholders can exchange the preferred shares owned for common shares.
D. There can not be dividends in arrears.
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