Post Utme Noun 2017 Commerce Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Noun Commerce examination.

Post Utme Noun 2017 Commerce Objective / Multiple Choice

Question 33 POST_UTME_NOUN • 2017 • COMMERCE • objective

A company's memorandum of association may provide for the issue of redeemable preference shares. What is the main advantage of redeemable preference shares?

A. They have a higher claim on assets in the event of liquidation

B. They have a higher claim on dividends

Correct Answer C. They can be redeemed at a fixed price

D. They have a higher claim on assets in the event of winding up

Correct Answer

Correct Option:

They can be redeemed at a fixed price

This is Post Utme Noun 2017 Commerce Question 33. It is one of the objective questions from the 2017 Post Utme Noun Commerce examination.

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