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Basic Question 0 of 16

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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Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

explain the rationale for using present value models to value equity and describe the dividend discount and free-cash-flow-to-equity models

calculate and interpret the intrinsic value of an equity security based on the Gordon (constant) growth dividend discount model or a two-stage dividend discount model, as appropriate

identify characteristics of companies for which the constant growth or a multistage dividend discount model is appropriate

explain advantages and disadvantages of each category of valuation model

CFA® 2026 Level I Curriculum, Volume 3, Module 8.