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

Which of the following definitions best describes 'preferred, voting, redeemable, normal income, registered share'?

A. preferred share that confers less than one vote per share, 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 exactly one vote per share, may be redeemed at the option of the issuer and/or of the shareholder, provides the same dividends as common/ordinary shareholders, and is registered
C. preferred share that confers exactly one vote per share, has no fixed maturity date, provides a periodic stated income and participates with common shareholders in further dividend and capital distributions, and is registered
D. preferred share that confers exactly one vote per share, may be redeemed at the option of the issuer and/or of the shareholder, provides a periodic stated income, dividends not paid in any year accumulate, and participates with common shareholders in further dividend and capital distributions, and is registered

Answer: preferred share that confers exactly one vote per share, may be redeemed at the option of the issuer and/or of the shareholder, provides the same dividends as common/ordinary shareholders, and is registered