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WAEC Commerce 1996 Question 41

Question 41

Business Finance

Which of the following has a fixed rate of dividend?

  1. A.Debenture
  2. B.Ordinary share
  3. C.Founder's share
  4. D.Preference share
  5. E.Equity
Show the answer and explanation

Answer: D (Preference share)

Explanation

Preference shares receive a fixed rate of dividend; debentures earn interest, not dividend.