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

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

A. preferred share whose dividend rate is periodically reset through an auction, such as a Dutch auction
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 that is not a participating preferred share

Answer: preferred share that gives the issuer the right to redeem the stock under specified conditions