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What was the purpose of the Dawes Severalty Act?
Preferred Stock
A class of ownership in a corporation with a fixed dividend, receiving priority over common stock in dividend distribution and asset liquidation.
Preferred Stock
A class of stock that provides shareholders with a fixed dividend before any dividends are issued to common stockholders, often with no voting rights.
Common Stock
A type of equity ownership in a corporation, representing a claim on part of the company's profits and assets.
Dividends in Arrears
Outstanding dividend payments that have not been paid to preferred shareholders.
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