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Match the type of preferred shares to the statements At the option of the Company, shares may be bought back from the preferred shareholder at

Match the type of preferred shares to the statements

At the option of the Company, shares may be bought back from the preferred shareholder at a specified price.

Answer 1Choose...ConvertibleCallableNon-cumulativeParticipatingNon-participatingCumulative
Holders are entitled to share in dividends only up to their stated rate. Answer 2Choose...ConvertibleCallableNon-cumulativeParticipatingNon-participatingCumulative

Holders can exchange their shares for common shares at a predetermined rate

Answer 3Choose...ConvertibleCallableNon-cumulativeParticipatingNon-participatingCumulative

Holders are entitled to receive current dividends and dividends in arrears

Answer 4Choose...ConvertibleCallableNon-cumulativeParticipatingNon-participatingCumulative

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