Post Utme Al Hikmah University 2021 Commerce Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2021 Commerce Objective / Multiple Choice
Question 18 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • COMMERCE • objective

A company's memorandum of association may provide for the issue of preference shares. What is the primary characteristic of preference shares?

Answer Options

Correct Answer A. They have a fixed dividend rate
B. They have a voting right
C. They have a priority claim on assets
D. They are redeemable at the option of the company
Correct Answer
A
Correct Option:
They have a fixed dividend rate

About This Question

This is Post Utme Al Hikmah University 2021 Commerce Question 18. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Commerce examination.

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