Question

Match each of the following preferred stock features with its description.
Preferred Stock Features
_________ 1. Convertible
_________ 2. Redeemable
_________ 3. Cumulative
Description
a. Prior unpaid dividends receive priority.
b. Shares can be sold at a predetermined price.
c. Shares can be exchanged for common stock.



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  • CreatedJuly 15, 2014
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