In a joint stock company preference shareholder... - JAMB Economics 1995 Question
In a joint stock company, preference shareholders are those who receive?
A
high dividends when profits are high and little or nothing when profits are low
B
a fixed rate of individend and have the first claim on the net profits of the company
C
the remaining profits after all other shareholders have been paid
D
dividends quarterly when others receive annually
correct option: b
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