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

Which of the following definitions best describes 'preferred, restricted voting, extendable, auction rate income, registered share'?

A. preferred share that confers multiple votes per share, may be exchanged for securities of another issuer, provides a periodic stated income and participates with common shareholders in further dividend and capital distributions, and is registered
B. preferred share that confers less than one 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 participates with common shareholders in further dividend and capital distributions, and is registered
C. preferred share that confers less than one vote per share, may be redeemed at the option of the issuer and/or of the shareholder with an extendable redemption date, provides a periodic income whose dividend rate is adjusted through an auction, 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 income whose dividend rate is adjusted through an auction, and is registered

Answer: preferred share that confers less than one vote per share, may be redeemed at the option of the issuer and/or of the shareholder with an extendable redemption date, provides a periodic income whose dividend rate is adjusted through an auction, and is registered