CFA L1 – Fixed Income LM 04

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April 24, 2026 at 2:25 pm #10408

Ashwin Kumar S.A
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Source: CFA Institute

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

Source: CFA Institute

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

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