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The Deceptive Mail Prevention and Enforcement Act provides specifications for direct mail sweepstakes, such as requiring which of the following copy to appear in the promotion literature or website?
Contributed Capital
The total value of the cash and other assets received by a company from its shareholders in exchange for stock, also known as paid-in capital.
Preferred Stock
A class of ownership in a corporation with a higher claim on assets and earnings than common stock, often paying fixed dividends.
Callable Preferred Stock
A type of preferred stock that gives the issuer the right to redeem the stock at a predetermined price after a certain date.
Convertible Preferred Stock
A type of preferred stock that gives the holder the option to convert it into a specified number of common stock shares, usually at any time after a predetermined date.
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