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Basic Question 0 of 3

Which of the following is not true regarding preferred shares?

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
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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

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.