Exam (elaborations)
WGU C214 Financial Mgmt Pass the OA|2023 LATEST UPDATE|GUARANTEED SUCCESS
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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-af...
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