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 allows the corporation to redeem shares at a fixed price on or after a specified date. The preemptive right allows existing shareholders to maintain their percentage ownership in the company. The conversion privilege allows preferred shares to be converted into common shares. The residual claim represents the ownership interest in a company after all liabilities have been paid off.

Which of the Following Preferred Stock Features Authorizes the Corporation