When preference shares are fully participating, this mean that ordinary shareholders receive dividend rate equal to the preference share and all excess dividends are shared proportionately between the preference and ordinary shareholders all excess dividends are given to the ordinary shareholders all excess dividends go to the preference shareholders * d. 18. a. b. с. the maximum participation rate is applied to the preference shares
When preference shares are fully participating, this mean that ordinary shareholders receive dividend rate equal to the preference share and all excess dividends are shared proportionately between the preference and ordinary shareholders all excess dividends are given to the ordinary shareholders all excess dividends go to the preference shareholders * d. 18. a. b. с. the maximum participation rate is applied to the preference shares
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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