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Unformatted text preview: E11-18 2.: IF the shares are cumulative, the preferred stock holders must be paid for the dividends that they did not receive for the past two years before the common stock holders can be paid. The preferred stockholders get priority because they have no voting rights. 3. If the preferred stock is not cumulative [Type the document title] November 7, 2007 P11-2...
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This homework help was uploaded on 02/09/2008 for the course HADM 1121 taught by Professor Dittman during the Fall '07 term at Cornell.
- Fall '07