Which One of the Following Statements About Ordinary Shares Is

question 38

Multiple Choice

Which one of the following statements about ordinary shares is correct?

• A) Each share of ordinary share entitles the holder to an equal ownership position and an equal vote in the corporation.
• B) Ordinary shares typically provide higher levels of current income than do similar grade corporate bonds.
• C) Each share of stock has a specified maturity date.
• D) Ordinary shares give shareholders first title to a share of the company's earnings, prior to other corporate obligations.

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Definitions:

Airfares

The cost of a passenger flight ticket.

Winnipeg

A city in Canada, known as the capital of the province of Manitoba, with a diverse economy and cultural scene.

Percent Less

A term indicating a reduction or discount expressed as a percentage of the original price or value.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.