Why would you want a cumulative feature when purchasing preferred shares?

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Introduction to Corporate Finance

ISBN: 978-1119171287

4th edition

Authors: Laurence Booth, Sean Cleary, Ian Rakita

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Question Posted: Nov 01, 2017 06:38 AM

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Why would you want a cumulative feature when purchasing preferred shares?

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The payoff on shares is not a fixed contractual commitmen...View the full answer

Introduction to Corporate Finance

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