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29 March, 02:58

Peter owns 100 shares of a company. He receives a fixed rate of dividend from these shares. Which type of share has Peter purchased?

A.

equity shares

B.

preference shares

C.

ordinary shares

D.

priority shares

E.

investment security

+2
Answers (1)
  1. 29 March, 03:14
    0
    B. preference shares

    Explanation:

    Option A is wrong because equity shares provide a different rate of dividends to a shareholder. Equity shares are known as ordinary shares. Therefore, option C is wrong.

    There are no priority shares in the components of stockholders' equity. Hence option D is wrong.

    Investment security does not give any dividends. So option E is wrong.

    Option B is correct because preference shares give a fixed rate of dividend.
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Home » Business » Peter owns 100 shares of a company. He receives a fixed rate of dividend from these shares. Which type of share has Peter purchased? A. equity shares B. preference shares C. ordinary shares D. priority shares E. investment security
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