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      Question

      A company must redeem preference shares no later

      than:
      A 25 years Correct Answer Incorrect Answer
      B 20 years Correct Answer Incorrect Answer
      C 30 years Correct Answer Incorrect Answer
      D 15 years Correct Answer Incorrect Answer
      E 10 years Correct Answer Incorrect Answer

      Solution

      Under Section 55, redemption must be completed within 20 years unless the companyโ€™s articles permit longer, up to 25 years.

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