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I guess over here, there's a slight issue for us when using this formula. So, using the redeemable stock scheme, those

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What are Redeemable Preference Shares? When preferred shares of stocks are issued to shareholders, a call option may be embedded in them. These types of preferred stocks are called Redeemable Preference Shares because the company has the option to redeem them later. Feb 15, 2022

Yes, they are also considered or can be considered preferred stock

So, yeah, we can actually gain Tier 1 ranking for our bank

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