- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 39. Overview of Equity Securities
- Subject 2. Types and Characteristics of Equity Securities
CFA Practice Question
______ are also known as redeemable common shares.
A. Callable common shares
B. Putable common shares
C. Exchangeable common shares
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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