Having a cumulative dividend is a common feature of preferred shares. Required: a. What does it mean
Question:
Having a cumulative dividend is a common feature of preferred shares.
Required:
a. What does it mean to have a cumulative dividend feature?
b. Why do preferred shares commonly have this feature?
c. Can common shares have a cumulative dividend feature? Explain briefly.
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Step by Step Answer:
a A cumulative dividend is a dividend that builds up over time if it is not paid ...View the full answer
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