Which of the following characteristics apply to retractable preferred shares?
A) I and II
B) I, II, and III
C) I, II, III, and IV
D) II, III, and IV
I.No maturity date
II.Pay a fixed dividend at regular intervals
III.Have a positive yield spread (before tax) over mid-term Canada bonds
IV.The right to sell them back to the issuer
Correct Answer:
Verified
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