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A particular source of finance has the following characteristics: fixed payments, a fixed repayment date, it is secured on the assets of the company and the payments are classified as an expense.
Which of the following best describes this source of finance?
A. A redeemable preference share
B. An irredeemable preference share
C. A loan note
D. An overdraftthe answer is C.
but my question is why not it A (A redeemable preference share )
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