All of the Following Are Characteristics of Preferred Stock EXCEPT

question 12

Multiple Choice

All of the following are characteristics of preferred stock EXCEPT

• A) it is often considered quasi-debt due to fixed payment obligation.
• B) it has less restrictive covenants than debt.
• C) it gives the holder voting rights which permit selection of the firm's directors.
• D) its holders have priority over common stockholders in the liquidation of assets.

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Definitions:

Occupational Safety

Refers to the practice and field of protecting the health and well-being of employees in the workplace.

Noise

Unwanted or disturbing sounds that can negatively affect physical and mental health or environmental quality.

Workday

The part of the day during which one is obliged to perform work or professional duties.

Ionizing Radiation

A type of energy released by atoms in the form of electromagnetic waves or particles, capable of removing tightly bound electrons from atoms, thus changing their chemical properties and potentially causing damage to living tissue.