Examlex
Choose the INCORRECT statement.
Cumulative Preferred Stock
A type of preferred stock whose dividends accumulate if not paid in the agreed periods.
Par Value
The nominal or face value of a stock or bond as stated by the issuer, often used in the accounting of capital accounts.
Dividend
A share of a company's profits paid out to its shareholders, typically in the form of cash or additional stock.
Cumulative Preferred Stock
A type of preferred stock where missed dividend payments accumulate and must be paid out before any dividends can be issued to common stockholders.
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