English, asked by TbiaSamishta, 1 year ago

Definition of cumulative convertible preference shares

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Answered by aqibkincsem
0

Cumulative Convertible Preference Share is a type of penchant shares where the dividend payable on the same accumulates, if it is not paid.


After a specified date, i.e. the given time period, these shares will be converted into equity capital of the company.


Thus, these are called cumulative convertible preference share.

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