Preferred shares that have no maturity date and pay a fixed dividend at regular intervals are best described as:
A) straight preferred share.
B) retractable preferred stock.
C) soft-retractable preferred stock.
D) mandatory redeemable preferred stock

Question

Quizplus · Accepted Answer

Straight preferred shares have no maturity date and pay fixed dividends, distinguishing them from the other types of preferred shares listed, which have features related to redemption or retraction.

Preferred Shares That Have No Maturity Date and Pay a Fixed