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

Option A is wrong because equity shares provide a different rate of dividends to a shareholder. Equity shares are known as ordinary shares. Therefore, option C is wrong.

There are no priority shares in the components of stockholders' equity. Hence option D is wrong.

Investment security does not give any dividends. So option E is wrong.

Option B is correct because preference shares give a fixed rate of dividend.

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 sharesB. preference sharesC. ordinary sharesD. priority sharesE. 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