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

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

A. preferred share that confers zero votes per share, may be redeemed at the option of the issuer and/or of the shareholder, provides a periodic income whose dividend rate is adjusted through an auction, and is registered
B. 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 income whose dividend rate is set periodically, and is registered
C. preferred share that confers less than one vote per share, has no fixed maturity date, provides a periodic stated income and dividends not paid in any year accumulate, and is registered
D. common share that confers exactly 0 votes per share, is restricted from a sales / transfer perspective, is fully paid and is registered

Answer: preferred share that confers less than one vote per share, has no fixed maturity date, provides a periodic stated income and dividends not paid in any year accumulate, and is registered