empt $=74395368.{?}_2$

Sites

The cumulative feature of preferred stock

requires that dividends not paid in any year must be paid in a later year belore dividends are distributed to common shareholders.

means that the sharehoider can accumulate preferred stock until it is equal to the par value of common stock at which time it can be corverted into common stock.

enables a preferred stockholder to accumulate dividends until they equal the par value of the stock and recelve the stock in place of the cash dividenck.

limits the cumulative dividends to the specified dividend of the preferred stock.