Question：Which of the following is not a characteristic of an ordinary share?
A. Fixed rate of dividend.
B. Voting rights.
C. The shares may be redeemable.
D. The share has a par value.
The correct answer is: Fixed rate of dividend.
This is a characteristic of preference shares. Ordinary shares usually have voting rights, all have a par (nominal) value and can be designated as redeemable.
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