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Before its conversion to ordinary shares, capital notes issued by Australian banks provide investors with ____________

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Answer:

a distribution calculated by applying a fixed margin over the reference market rate.

Step-by-step explanation:

Ordinary shares are simply said to be common shares. They are the stocks that are sold usually on public exchange. They are said to be vote and dividend rights if a firm or company choose to disburse profits.

two main types of shares includes ordinary shares and preference shares.

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