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Define the concept of a value chain.
Preferred Stock
A type of stock that gives holders preferential treatment over common stockholders, usually through dividends and upon liquidation.
Common Stock
Equity ownership in a corporation, with voting rights and potential for dividends.
Dividend
A distribution of profits by a company to its shareholders, typically in the form of a payment.
Cumulative Preferred Stock
Preferred stock where dividends accumulate if not paid as scheduled, needing to be fulfilled before common stock dividends.
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