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Adjustable-Rate Preference Shares Are

Question 8

Multiple Choice

Adjustable-rate preference shares are:


A) shares issued with adjustable rates.
B) shares that can be converted into ordinary shares at a predetermined ratio.
C) shares issued when partly paid for,so that there is an obligation on the holder to contribute the balance.
D) shares in which the preference dividend remains constant regardless of any increase in the firm's earnings.

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