Unless otherwise stated, a preference share is always deemed to be which of the following?

Cumulative, participating and non-convertible Non-cumulative, non-participating and non-convertible Cumulative, non-participating and non-convertible Non-cumulative, participating and non-convertible

Cumulative, non-participating and non-convertible

Unless and otherwise stated , preference share is always presumed to be Cumulative, non-participating and non-convertible.