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James has surplus cash of $10,000. He decides to invest this cash by buying ordinary shares in a company called RMB. Which TWO are features
James has surplus cash of $10,000. He decides to invest this cash by buying ordinary shares in a company called RMB. Which TWO are features of the investment that James has made? Solution A.Investing in ordinary share capital carries a greater level of risk than investing in preference share capital. B.Both ordinary and preference shareholders rank equally in the event of a winding up. C.Dividends payable on ordinary shares are at the discretion of the directors. D.James will not have the right to vote on matters at a general meeting of the shareholders. E.The nominal value of an ordinary share is always the same as its market value
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