In a joint stock company, preference shareholders are those who receive?
ECONOMICS
JAMB 1995
In a joint stock company, preference shareholders are those who receive?
- A. high dividends when profits are high and little or nothing when profits are low
- B. a fixed rate of individend and have the first claim on the net profits of the company
- C. the remaining profits after all other shareholders have been paid
- D. dividends quarterly when others receive annually
Correct Answer: B. a fixed rate of individend and have the first claim on the net profits of the company
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