Preferred shares issued with the right of the shareholder to redeem the shares are referred to as
A) redeemable preferred shares.
B) retractable preferred shares.
C) cumulative preferred shares.
D) convertible preferred shares.

Question

Quizplus · Accepted Answer

Retractable preferred shares give shareholders the right to sell the shares back to the issuer at a predetermined price after a specified date.

Preferred Shares Issued with the Right of the Shareholder to Redeem