Which Class of Preference Shares Have the Right to Receive

question 61

Multiple Choice

Which class of preference shares have the right to receive further dividends above their fixed rate once ordinary shares have received a stated percentage?

• A) Bonus preference shares
• B) Redeemable preference shares
• C) Participating preference shares
• D) Cumulative preference shares

---

Definitions:

Justification

The process of proving something to be right or reasonable, often used in contexts of moral, ethical, or legal debates.

Civil Ceremonies

Non-religious ceremonies conducted by a government official or civil celebrant.

Legal Suit

A legal action brought in court by one party against another for the enforcement or protection of a right, or the redress of a wrong.

Selling Off

The act of divesting or disposing of assets, property, or inventory, often quickly or without regard to the loss in value.