Which of the following is true about preference shares?
A) Preference shares always have voting rights.
B) If the company does not have the funds to pay the preference dividend, the right of the preference shareholders to collect that dividend lapses.
C) Preference share dividends are not tax-deductible to the corporation.
D) Preference shares always have a maturity date, at which time the issue price must be repaid to shareholders.
Correct Answer:
Verified
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