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

Which of the following definitions best describes 'preferred, restricted voting, exchangeable, cumulative, registered share'?

A. preferred share that confers exactly one vote per share, may be exchanged for securities of another issuer, may be redeemed at the option of the issuer and/or of the shareholder, provides a periodic stated income and dividends not paid in any year accumulate, and is registered
B. preferred share that confers zero votes per share, has no fixed maturity date, provides a periodic stated income and dividends not paid in any year accumulate, and is registered
C. preferred share that confers exactly one vote per share, may be exchanged for securities of another issuer, provides a periodic stated income and dividends not paid in any year accumulate, and is registered
D. preferred share that confers less than one vote per share, may be exchanged for securities of another issuer, provides a periodic stated income and dividends not paid in any year accumulate, and is registered

Answer: preferred share that confers less than one vote per share, may be exchanged for securities of another issuer, provides a periodic stated income and dividends not paid in any year accumulate, and is registered