Concept:Preference shares are capital that pays a fixed dividend before ordinary shareholders receive anything.Explanation:Dividends are paid only on shares, not on loans or debt instruments.Preference stock gives its holder a fixed rate of dividend each year.Common stock dividends change with the company’s profit, so they are not fixed.Debentures and bank loans pay interest, not dividends.Therefore, the finance that entitles the holder to a fixed dividend is preference stock.Answer:A. preference stock