CFA L1 – Fixed Income LM 04

  • This topic has 1 reply, 2 voices, and was last updated 1 week ago by Madhusudan Chandarasekaran, CFA, FRM.
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  • April 24, 2026 at 2:25 pm #10408
    Ashwin Kumar S.A
    Participant
    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

    June 5, 2026 at 6:14 pm #10536
    Madhusudan Chandarasekaran, CFA, FRM
    Keymaster
    Ashwin, key word is do ALL preference shares have?

    B and C can be eliminated.

    Choice A is only an exception and not the norm. They are not either callable or puttable most pref shares dont have eith

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