The Book Value of One Share of Callable Preferred Stock

question 178

True/False

The book value of one share of callable preferred stock is equal to the call value of the preferred share minus any dividends in arrears.

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Definitions:

ERA

Stands for Equal Rights Amendment, a proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex.

Equal Rights Amendment

A proposed amendment to the U.S. Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex.

Stagflation

An economic situation characterized by stagnant economic growth, high unemployment, and high inflation.

Human Rights

Basic rights and freedoms that belong to every person in the world, from birth until death, irrespective of any distinction.