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Figure 1.2
Using the figure above, identify the labeled part.
-Label W: ______________________________
Preferred Stock
A class of ownership in a corporation with a fixed dividend that must be paid out before dividends to common stockholders, and with generally no voting rights.
Callable
Describes a financial security that the issuer has the right to redeem or 'call back' before its maturity date, often at a predetermined price.
Preferred Stock
A class of ownership in a corporation with a higher claim on assets and earnings than common stock, typically with dividend payments that are prioritized over those of common stock.
Stock Listing
The inclusion of a company's shares on a stock exchange where they can be bought and sold by investors.
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