The board of directors of Titus Inc. is considering issuing new preferred shares of the company in order to raise capital. They have asked you to discuss some of the available features that could be attached to the shares.
Instructions
(a) Briefly describe why a company may attach various attributes to shares.
(b) Explain some of the various share options available.
(c) Describe how the various attributes associated with each type of share will affect the share from a financing perspective.