JAMB Commerce 2020 Objective — Question 14

Question 14 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2020 Objective paper, with the correct answer and a full explanation.

14. A preference shareholder is entitled to

A. A. Profit
B. B. Interest
C. C. Fixed dividendCorrect
D. D. All of the above

Explanation

Preference shareholder has fixed dividend. Usually, the preference shares are tagged such as 10% preference share. Thus, it means that the holder is entitled to an annual 10% value of the share as dividend.

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