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Partially participating preferred shares means that the shares may participate in dividend declarations that are:...

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Question

Accounting

Partially participating preferred shares means that the shares may participate in dividend declarations that are:

a) Are in excess of preference rate to an unlimited amount

b) Not in excess of their preference rate

c) Are in excess of preference rate to the same amount of the common shares

d) Are in excess of preference rate up to a level that is capped

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