the present business environment preference shares are not considered as suitable means for raising funds.Mention the aspect of preference shares which is highlighted by this statement and explain any two points of these aspect.????
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˙❥˙Preference shares, which are issued by companies seeking to raise capital, combine the characteristics of debt and equity investments, and are consequently considered to be hybrid securities. Preference shareholders experience both advantages and disadvantages. On the upside, they collect dividend payments before common stock shareholders receive such income. But on the downside, they do not enjoy the voting rights that common shareholders typically do.✧*。
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