Question

The most common type of shares issued by a limited company, which gives holders voting rights and dividends based on the company’s profits are called _________ a. Ordinary Shares b. Bank shares c. Consumer shares d. None of the above

Answer 1

The correct answer is letter "D": None of the above.

Step-by-step explanation:

Preference Shares also known as preferred shares are equity shares that give the shareholders certain rights ahead of common shareholders. For instance, when a corporation declares a dividend, preference shareholders receive dividend payments before common shareholders. Preference shares usually have a fixed dividend, which means the company is obligated to periodically declare and pay the dividend.