Examlex
Which of the following is not an argument against free trade?
Cumulative Preferred Stock
A type of preferred stock where dividends accumulate if not paid in a given period, and must be paid out before common shareholders can receive dividends.
Noncumulative Preferred Stock
A type of preferred stock where dividends are not accumulated if they are not declared.
Par Value
The face value of a bond or stock as stated by the issuer, which does not necessarily reflect its market value.
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