Most Preferred Stocks Have a Feature That Requires All Past

question 55

Multiple Choice

Most preferred stocks have a feature that requires all past unpaid preferred dividend payments be paid before any common stock dividends can be paid.What is the name of this feature?

• A) participating
• B) cumulative
• C) provisional
• D) convertible

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Definitions:

Neuron

Specialized nerve cell engaged in information processing.

Calcium

A chemical element and essential mineral in the body, vital for bone health, muscle function, and nerve signaling.

Ischemic Stroke

A stroke resulting from a blocked blood vessel.

Artery

A blood vessel that carries oxygenated blood away from the heart to various parts of the body.