Which sentences is NOT correct?

Select one:

a.Preference shares have preference prior to ordinary shareholders to return ofcapitalif the company is wound up

b.A non-renounceable rights issue allows the shareholder to take up the rights issue, let it lapse or sell their rights on the securities market.

c.A rights issue is an issue of new shares to existing shareholders whereby they are given the right to purchase additional shares in proportion to their current shareholdings.

d.Ordinary shareholders have no specific right to dividends.