Which of the following characteristics apply to floating rate preferred shares?
A) I and II
B) I, II, and III
C) III, IV, and V
D) I, III, and IV
I.Long maturity date
II.Pay a fixed dividend
III.Dividends are paid at regular intervals
IV.Have a positive yield spread (after tax)over bankers' acceptances
V.The right to sell them back to the issuer

Question

Quizplus · Accepted Answer

I. Floating rate preferred shares do not have a long maturity date. 
II. Floating rate preferred shares do not pay a fixed dividend. 
III. Dividends are paid at regular intervals in floating rate preferred shares. 
IV. Floating rate preferred shares have a positive yield spread (after tax) over bankers' acceptances. 
V. Float rate preferred shares do not give the right to sell them back to the issuer.

Which of the Following Characteristics Apply to Floating Rate Preferred