CFA L1 – Fixed Income LM 04

LES., Fixed Income LM 04 ., 3rd question

All the followings are characteristics of preference shares except:

A)  They are either callable or puttable

B)  They generally do

LES., Fixed Income LM 04 ., 3rd question

All the followings are characteristics of preference shares except:

A)  They are either callable or puttable

B)  They generally do not have voting rights

C)  They do  not share in the operating performance of the company

Ans: Option A

but preference shares also have callable and puttable , then how it is OPTION A sir .  Kindly explain