Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'preferred, non-voting, redeemable extendable, adjustable income, registered share'?

A. preferred share that confers multiple votes per share, may be exchanged for securities of another issuer, provides a periodic income whose dividend rate is adjusted through an auction, and is registered
B. preferred share that confers zero votes per share, whose issuer and/or shareholders have the option to extend the maturity date, that provides a periodic income whose dividend rate is set periodically, and is registered
C. preferred share that confers zero votes per share, may be exchanged for securities of another issuer, provides the same dividends as common/ordinary shareholders, and is registered
D. preferred share that confers less than one vote per share, may be exchanged for securities of another issuer, whose issuer and/or shareholders have the option to extend the maturity date, that provides a periodic stated income and dividends not paid in any year accumulate, and is registered

Answer: preferred share that confers zero votes per share, whose issuer and/or shareholders have the option to extend the maturity date, that provides a periodic income whose dividend rate is set periodically, and is registered