Peter owns 100 shares of a company. He receives a fixed rate of dividend from these shares. Which type of share has Peter purchased?

A. equity shares
B. preference shares
C. ordinary shares
D. priority shares
E. investment security

Preference shares are issued by corporate to raise additional capital. They are considered hybrid securities because they combine elements of debts and equity. Preference shareholders have a priority claim in dividends over ordinary shares. They enjoy fixed dividends payments but have no voting rights.

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Peter owns 100 shares of a company. He receives a fixed rate of dividend from these shares. Which type of share has Peter purchased? A. equity shares B. preference shares C. ordinary shares D. priority shares E. investment security

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Peter owns 100 shares of a company. He receives a fixed rate of dividend from these shares. Which type of share has Peter purchased?

A. equity shares
B. preference shares
C. ordinary shares
D. priority shares
E. investment security