What are the debt-like features of a preferred share and, Ask an Expert

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What are the debt-like features of a preferred share and what are the equity-like features if the preferred shares are non-voting, cumulative, with a annual dividend entitlement of 3%, redeemable at the option of the holder at a rate of $100 per share five years after the date of issuance?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M965558

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