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प्रश्न
Preference shares have the characteristics of both equity shares and debentures.
विकल्प
True
False
MCQ
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उत्तर
True
Explanation:
Preference shares are a hybrid: they pay a fixed dividend (debenture-like), yet dividends are distributable only from profits, and they form part of share capital with preferential repayment on winding up; they generally do not carry voting rights.
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