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

Which of the following definitions best describes 'perpetual preferred share'?

A. preferred share whose dividends, if not paid on time, accumulate until paid out
B. preferred share that has no fixed maturity date
C. preferred share that gives the issuer the right to redeem the stock under specified conditions
D. preferred share whose dividend rate is periodically reset through an auction, such as a Dutch auction

Answer: preferred share that has no fixed maturity date