SIAA Fundamentals Of Securities Practice Questions - SIAA Fundamentals Of Securities Accreditation Exam

Which of the following is a key characteristic of ordinary shares issued by an Australian listed company?

Shareholders have unlimited personal liability for the company's debts. Shareholders receive a guaranteed fixed dividend payment every year. Shareholders have limited liability, meaning their loss is capped at the amount paid for the shares. Shareholders' claims rank ahead of all secured creditors during liquidation.

Correct Answer:

Shareholders have limited liability, meaning their loss is capped at the amount paid for the shares.

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