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Identify and discuss the key characteristics of partnerships.Also,identify nonpartnership organizations that possess the positive aspects of both partnerships and corporations.
Preferred Stock
A class of ownership in a corporation with a fixed dividend that is paid before any dividends are paid to common stockholders.
Cumulative
Describes something that increases in quantity, degree, or force by successive additions.
Market Rate of Return
The average rate of return on investments expected by investors in the market.
Annual Dividend
The total dividend payment a company decides to distribute to its shareholders annually.
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