One Type of Stock Enables the Shareholder to Get His/her

question 37

Multiple Choice

One type of stock enables the shareholder to get his/her usual dividend.Then,after the common shareholders receive their normal dividend,he/she is able to share in any additional income with the common shareholders.This type of stock is ____.

• A)cumulative preferred
• B)noncumulative preferred
• C)participating preferred
• D)cumulative to the extent earned

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