Interest rates have gone up to 14 percent since you purchased your 10 percent preferred shares.You would be best off if the shares had a(n)______ feature.
A) call
B) extraction
C) redemption
D) retraction

Question

Quizplus · Accepted Answer

A retraction feature allows the shareholder to sell the shares back to the issuer at a predetermined price, which would be beneficial if interest rates have risen.

Interest Rates Have Gone Up to 14 Percent Since You