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Convergent evolution occurs when
Preferred Stock
A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with fixed dividends.
Dividend Yield
A stock’s annual dividend divided by its current price.
Par Value
The face value of a bond or stock as designated in its charter, distinct from its market value.
After-Tax Basis
Financial calculations or comparisons made after accounting for the impact of taxes.
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