Which of the following shares can be classified as shares without right to vote?

Preferred shares are often designed without voting rights, primarily because they are typically issued to raise capital without altering the control structure of the company. Investors in preferred shares prioritize dividend payments and liquidation rights over participation in corporate governance. Therefore, this type of share is commonly classified as a share without the right to vote.

Redeemable shares can also be structured without voting rights. These shares are created with the understanding that the issuing company can buy them back at a later date, which typically removes the need for such shareholders to have a say in corporate governance, making them generally non-voting.

In contrast, common shares usually come with voting rights; holders of common shares participate in corporate decision-making, such as electing the board of directors or approving significant corporate transactions. Therefore, classifying only redeemable shares or common shares without voting rights would not be accurate.

Thus, the classification of preferred shares and redeemable shares as shares without right to vote is correct because both types are typically designed to prioritize financial returns over voting participation.