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प्रश्न
Preference shares are a hybrid security comprising features of both ______ and ______.
रिकाम्या जागा भरा
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उत्तर
Preference shares are a hybrid security comprising features of both equity shares and debentures.
Explanation:
Preference shares are called hybrid securities because they combine features of both equity shares (ownership in the company) and debentures (fixed rate of return). Preference shareholders get a fixed dividend like debenture holders, but they are also part-owners of the company.
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