Question: (a) What is the difference between a redeemable and a retractable preferred share? (b) What is the difference between cumulative and noncumulative preferred shares? (c)

(a) What is the difference between a redeemable and a retractable preferred share?
(b) What is the difference between cumulative and noncumulative preferred shares?
(c) Can dividends in arrears arise on both cumulative and noncumulative preferred shares? Explain.

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