Cumulative Preferred Stock Carries a Guarantee of a Dividend

question 110

True/False

Cumulative preferred stock carries a guarantee of a dividend.

---

Definitions:

Cardiologist

A specialist doctor who diagnoses and treats conditions related to the heart and blood vessels.

Human Capital

Competencies, wisdom, and learning acquired by an individual or collective, evaluated for their financial or beneficial impact on an enterprise or sovereign state.

Compensating Differential

Additional income or benefits offered to employees to offset the unpleasant aspects or higher risks of a particular job.

Transfer Payments

Payments made by the government to individuals without any expectation of goods or services in return, such as welfare or social security.