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Exam CIFC Topic 1 Question 39 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 39
Topic #: 1
On January 2nd of this year Evan purchased 500 preferred shares of Ingram Ltd. The preferred shares have a par value of $25 per share and a quarterly dividend of $0.98 per share. They also give Evan the option to sell the shares back to Ingram at par value any time from now until September 1st two years from now. What type of preferred shares does Evan own?

Suggested Answer: C Vote an answer

by Henry at May 05, 2024, 07:08 PM

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