Exam (elaborations)
WGU C214 Financial Management Pass the OA Practice Questions and Answers
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- Institution
Characteristics of preferred stock includes -dividends in arrears -dividends are cumulative -higher payoff claim in a BK (has first dibs in a BK) -considered "hybrid" (part stock/part bond) -no fixed maturity date -no voting rights -can skip dividend payments -dividends don't change year-aft...
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