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Which of the following are not true with respect to preferred stocks?

Which of the following are not true with respect to preferred stocks?


A.The board of directors does not have to approve dividend payments

B.In the case of liquidation, preferred stockholders have prior claim (on the companies assets) over common stocks

C.They have fixed income characteristics

D.They may be cumulative or non-cumulative

E.They typically do not participate in general management issue

Top Answer

E.They typically do not... View the full answer

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