Preferred shares that the issuing corporation, at its option, may retire by paying aspecified amount to the preferred shareholders plus any dividends in arrears are called:
A) Private shares.
B) Callable preferred shares.
C) Participating preferred shares.
D) Convertible preferred shares.
E) Cumulative preferred shares.

Question

Quizplus · Accepted Answer

Callable preferred shares can be retired by the issuing corporation at its option by paying a specified amount to the preferred shareholders plus any dividends in arrears.

Preferred Shares That the Issuing Corporation, at Its Option, May