Which of the following statements about types of shares isfalse?

a.Companies are not obligated to pay dividends to shareholders of ordinary shares on a regular basis.

b.Contributing shares do not require shareholders to pay the full issue price.

c.Preference shares pay fixed dividends on a regular basis regardless of earnings.

d.Shareholders of ordinary shares have the right to decide whether the company should pay dividends.

e.Shareholders of contributing shares can receive dividends as ordinary shareholders, but their expected dividends will be proportional to the amount paid on the shares.