Mayank has surplus money of Rs 25,00000, which he wants to invest either in equity shares or in preference shares. Two real estate companies ( Magic and Skylark Enterprises), with almost same creditworthiness are launching their public issue. Magic Estate is coming up with a public confused about the two issues. He consulted his friend Gaurav, who is a portfolio manager and Gaurav convinced him to invest the money in magic Estate due to Preferential Rights of preference shareholders over equity shareholders. State the preferential Rights stated by Gaurav, which convinced Mayanak to invest in Magic Estate (4)
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Mayank should invest his money in skylark enterprises
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