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

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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a A cumulative dividend is a dividend that builds up over time if it is not paid ... View full answer

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