Which three of the following are types of preference share?

Question

Quizplus · Accepted Answer

Authorised shares refer to the maximum number of shares that a company can issue, but it is not a type of preference share. 
Cumulative preference shares receive unpaid dividends from previous years, making them a type of preference share. 
Participating preference shares allow shareholders to receive additional dividends on top of the fixed rate, making them a type of preference share. 
Convertible preference shares can be converted into ordinary shares, making them a type of preference share.

Which Three of the Following Are Types of Preference Share