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Shares with a fixed rate of dividend that entitle their holders to priority payment over those who hold ordinary shares of a company are called
Answer & Solution
Correct Answer:
Option
D
Shares with a fixed rate of dividend that entitle their holders to priority payment over those who hold ordinary shares of a company are called preference shares. Preference shares are the shares which promise the holder a fixed dividend, whose payment takes priority over that of ordinary share dividends.
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