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Basic Question 0 of 3
Which of the following is not true regarding preferred shares?
B. Dividends on preferred shares are typically fixed.
C. Preferred shares cannot be callable.
A. Preferred shares generally don't have any voting rights.
B. Dividends on preferred shares are typically fixed.
C. Preferred shares cannot be callable.
User Contributed Comments 6
User | Comment |
---|---|
gill15 | Not nots are soo annoying. There should be an Ethics section on Suitability of CFA questions. |
ldfrench | For a fish, you are pretty smart? |
janglejuic | lmao |
Inaganti6 | lol @ldfrench |
khalifa92 | finally, someone said it! |
Znanje35 | so funny |

I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

Tamara Schultz
Learning Outcome Statements
calculate and interpret free cash flow to the firm, free cash flow to equity, and performance and coverage cash flow ratios
CFA® 2025 Level I Curriculum, Volume 2, Module 5.