Preferred stock generally does not have voting rights and its holders, therefore, do not have a formal

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Preferred stock generally does not have voting rights and its holders, therefore, do not have a formal voice in company affairs. Why, then, is it said that preferred stock is a less risky investment than common stock?

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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Question Posted: Jun 20, 2012 06:24 AM

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Preferred stock generally does not have voting rights and its holders, therefore, do not have a formal

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Financial Accounting Information For Decisions

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