Knowledge Check $01$

Match the term and the definition.

Might allow preferred shareholders the option to return their shares for a predetermined price

If the specified dividend is not paid in a given year, the unpaid dividends must be made up in a later dividend year before any dividends are paid on common shares

If the specified dividend is not declared in any given year, it need never be paid

Preferred shareholders are allowed to receive additional dividends beyond the stated amount

Preferred shareholders dividends are limited to the stated amount