Canadian Securities Course (CSC) Level 1 Practice Exam 2025 – All-In-One Guide to Master Your Exam Prep!

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What is a foreign-pay preferred?

Shares issued in foreign markets

Dividends paid in foreign currency

Preferred shares issued by international companies

Preferred shares with dividends in foreign funds

A foreign-pay preferred refers to preferred shares that pay dividends in a currency other than the domestic currency of the holder. This means that the dividends are paid in foreign funds, making option D the correct answer. Options A, B, and C are incorrect as they do not accurately describe what a foreign-pay preferred is.

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