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a. They are part of a loan.
b. They are paid interest whether profits are made or not.
c. They are held by outsiders / creditors.
d. They are usually redeemable,that is can be bought back by the company.
e. They are given first priority when paying interest before preference shares and ordinary shares.
maalimA answered the question on March 26, 2019 at 17:14
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