Preferred stock is a special form of stock having a fixed periodic
dividend that must be paid prior to payment of any interest to
The par value on a common stock is used as a basis for determining
Common stock can be either privately owned by private investors or
The market value of common stock is related to its par value because
both are sensitive to the reactions of investors to new information.
If bankruptcy were to occur, ______ would have the first claim on
Holders of equity have claims on both income and assets that are