Preferred stock is least likely to have which of the following characteristics? a. Preference as to assets

Question:

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

a. Preference as to assets on liquidation of the corporation

b. The right of the holder to convert the shares to common stock

c. Preference as to voting

d. Preference as to dividends

Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....

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