Preference shares have a number of features similar to debt that distinguish them from ordinary shares.Which of the following features may be incorporated in a preference share issue?
i.Cumulative or non-cumulative
ii.Convertible or non-convertible
iii.Redeemable or non-redeemable
iv.Issued at different rankings
v.Participating or non-participating
A) i, ii, iii, iv
B) i, ii, iv, v
C) ii, iii, iv, v
D) All of the given answers
Correct Answer:
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