CFA Practice Question

There are 191 practice questions for this study session.

CFA Practice Question

Callable common shares give ______ at a pre-specified price.
A. investors the option to buy shares from the issuing company
B. the issuing company the option to back its shares from its shareholders
C. investors the option to buy shares from other investors
Explanation: A callable stock can be recalled or redeemed by the issuer of the stock. Generally, callable stock is issued with a specific redemption price appearing in the terms and conditions of the sale.

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