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explain the term redemption, reedemable, & ireedemable
pls explain in simple words with examples........!!
Replies (1)
In short redemption means to pay the money back to the shareholders either at par or at premium. Redemption of shares means paying back the amount to the shareholders.
Redeemable means the shares are liable for redemption at a future date. Irrdeemanble measn the shares cannot be paid back to the shareholders i.e. they cannot be redeemed
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