A Preference Share Issue Offers All of the Following Advantages

question 61

Multiple Choice

A preference share issue offers all of the following advantages to a company except:

• A) a flexible dividend policy.
• B) fixed interest borrowings that can count as equity.
• C) extension of the equity base of the company.
• D) an indefinite maturity.

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Definitions:

Psychoanalysis

Either the theory or the treatment of abnormal mental functioning that emphasizes unconscious psychological forces as the cause of psychopathology.

Bilateral Electroconvulsive Therapy

A form of electroconvulsive therapy in which electric currents are passed through the brain bilaterally (through both hemispheres) to induce a brief seizure, with the purpose of treating severe mental illnesses.

Electrical Current

The flow of electric charge, typically measured in amperes, through a conductor or medium.

Electroconvulsive Therapy (ECT)

A medical treatment most commonly used for severe major depression which involves brief electrical stimulation of the brain while the patient is under anesthesia.