Preferred Stock Typically Has a Par Value, and the Dividend

question 20

True/False

Preferred stock typically has a par value, and the dividend is often stated as a percentage of par.The par value is also important in the event of liquidation, as the preferred stockholders are generally entitled to receive the par value before anything is given to the common stockholders.

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Definitions:

Newline Character

A special character used in computing to represent the end of a line of text and the start of a new line.

Compiler

A software tool that translates code written in a high-level programming language into machine language, making it executable by a computer.

'\n'

A character representing a newline in strings; used to move the cursor to the next line.

Newline Escape Sequence

A character sequence used in programming to denote the end of a line; often represented as \n in many programming languages.