Preferred Stock Is Least Likely to Have Which of the Following

question 117

Multiple Choice

Preferred stock is least likely to have which of the following characteristics?

• A) Preference as to dividends
• B) The right of the holder to vote at stockholders' meetings
• C) Preference as to assets upon liquidation of the corporation
• D) The right of the holder to convert to common stock

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.

Perfectly Price-inelastic

A situation where the quantity demanded of a good does not change regardless of changes in its price.

Price-inelastic

Referring to a situation where demand or supply for a good or service is relatively unresponsive to changes in price.

Total Revenue

The aggregate income a company generates from its sales of products or delivery of services over a designated period.