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投资学:
1. Here are the different between Ordinary shares and Preference Shares.
Characteristics of Ordinary shares:
a.Ordinary shares are issued with a nominal value,there is no maturity date in Stock,
b.The value of stock is determined by the demand of secondary market for equities.
c.The main source of ordinary shares is the capital.
d.The dividends payable are depends on the company profits and policy.
e.Ordinary shares can free transfer.
f.Have voting rights.
g.Has High risk.
h.Ordinary shares are nominal value, but depends on the market.
i.Residual claim: shareholders in assets or whatever interests are in the last row.
Characteristics of Preference Shares:
a. Preferred stock is prior to the common shares and get bonuses and repay, some preferred stock dividends are cumulative but the company do not give them, and paid before common stock, the privilege of the need to see the articles of incorporation.
b. But for the priority right is limited, fixed dividend of preferred shares at par value pay according to a percentage points.
c. It is normal for preference share to be cumulative, and if the dividend is not paid out in any one year, the arrears accumulate and most be paid before any ordinary dividend can be paid in the future.
d. In clearing, preferred stock would get only face value. Preferred stock liquidation in order before common stock, therefore, be paid according to the amount of the settlement will face value.
e. Preferred stock generally have no right to vote (some would have limited voting rights).
f. Some preference shares can be specified participating shares
g.Some company is the preferred stock can be converted into common stock, could also be redeemed.
2. A.
B.(i)
(ii)
C.Here are some methods for Adam to purchase Government Securities.
One is buying form Debt Management Office and Subscribe the gilts issued by Debt Management Office(DMO), new gilt issues are advertised in national newspaper and information can be

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