Which of the Following Is TRUE of Preferred Stock

question 73

Multiple Choice

Which of the following is TRUE of preferred stock?

• A)It has features of bonds and a common stock.
• B)It has a claim on assets prior to creditors in the event of liquidation.
• C)Its dividends can be paid only after paying dividends to the common stockholders.
• D)It usually has a maturity of thirty years.

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Definitions:

Theory Of Followership

A perspective focusing on the behaviors and qualities of effective followers in a leadership dynamic.

Characteristics

Distinctive features or qualities that define a person, object, or phenomenon.

Behaviors

Actions or reactions of an individual or a group in response to external or internal stimuli.

Leadership Process

An ongoing series of actions and interactions through which an individual influences others to achieve common goals.