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Which security holders will get unfulfilled obligations of the non-installment of profits by the Company during the misfortune?
16. Which security holders will get unfulfilled obligations of the non-installment of profits by the Company during the misfortune?
- Convertible Preference Share Holder
- Ordinary Equity Holders
- Corporate Bonds
- Cumulative Preference Share Holders
Answer: D) Cumulative Preference Share Holders
Explanation:
Cumulative Preference shares are standard inclination imparts to one extra advantage. The additional benefit here is that the holders of these offers reserve the option to get profits regardless of whether the responsible organization has passed up paying them previously.