Darren Hicks owns 10 shares in Carolina Power, a utility company. He has voting rights and shares in the profits. What type of shares does Hicks own?

Question

Quizplus · Accepted Answer

Darren Hicks owns common shares, which give him both voting rights and a share in the company's profits. Preferred shares typically offer guaranteed dividends but do not come with voting rights. Dividend shares and market shares are not common terms for types of shares.

Darren Hicks Owns 10 Shares in Carolina Power, a Utility