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Briefly discuss the demands on effective followers.
Corporate Charter
A corporate charter is a legal document establishing a corporation and outlining its structure, objectives, and operations as recognized by the state.
Cash Dividend
This is a payment made by a company out of its earnings to shareholders, distributed in the form of cash.
Par Common Stock
The nominal or face value assigned to a share of common stock in the company’s charter.
Cumulative Preferred Stock
Stock that has a right to receive regular dividends that were not declared (paid) in prior years.
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