CFA Practice Question

There are 191 practice questions for this study session.

CFA Practice Question

Putable common shares give ______ at a pre-specified price.

A. investors the option to sell their shares back to the issuing company
B. the issuing company the option to sell its shares to its shareholders
C. investors the option to sell their shares to other investors
Correct Answer: A

Investors will generally sell their shares back when the market price is below the pre-specified put price.

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