Which of the following preferred stock features authorizes the corporation to redeem shares at a fixed price on or after a specified date?

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The call provision is a feature of preferred stock that authorizes the corporation to redeem, or "call," shares at a fixed price on or after a specified date. This allows the issuing company to retire the preferred stock and replace it with cheaper financing if interest rates decline or if it wishes to eliminate the dividend payments associated with the preferred shares. The call price is typically set at a premium to the par value to compensate investors for the early redemption of their shares.

Which of the Following Preferred Stock Features Authorizes the Corporation