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Cohen's theory locates the source of the strain that produces delinquency in:
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividend payment preferences.
Par Value
The stated face value of a bond or the nominal value of a stock, unrelated to its market price.
Paid-in Capital
The sum of funds a business has obtained from its stockholders by selling them stock shares.
Par Value
A nominal value assigned to a share of stock in the charter of a corporation, which does not necessarily reflect its market value.
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