oices A. The required return o

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 12QTD
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Which of the following statements correctly describe characteristics of preference shares?
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A. The required return on preference equity is expected to be less than the required return from ordinary equity.
B. None of the other statements are correct
C. A participating preference share participates in the interest payments paid to debtholders.
D. Preference shares are called “hybrid” securities because they display characteristics of both short-term and long-term debt.
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