Shouldn’t a preferred stock with a callable feature offer a higher dividend rate, not a cumulative stock? Am I missing something?
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Hi @Scottyswans,
You’re right - the callable feature would typically come along with a higher dividend rate.
The explanation to this question was correct, but it looks like the prompt/answers got mixed up. I’ve just fixed this. Thank you!
Cool, I can add one more point to my exam 
Thanks for answering!
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