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The slope of the immediate-short-run aggregate supply curve is based on the assumption that
Cumulative Preferred Stock
A type of preferred stock where missed dividend payments accumulate and must be paid out before any dividends can be issued to common stockholders.
Dividend
A portion of a company's earnings that is distributed to shareholders as a reward for their investment.
Par Value
Par Value is the face value of a bond or share of stock as stated by the issuing company, and it's often a nominal amount used for accounting purposes.
Dividends Payable
This is a liability on the balance sheet representing the amount of dividends that a corporation has declared but not yet paid to its shareholders.
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