Keith wants to buy stock in a large pharmaceutical company. Since he lives in the city where the company is headquartered, he wants to attend its annual meetings and vote for the board of directors. He also wants to maintain a 5 percent ownership of the company, so having priority in purchasing new shares on the marketplace is very important to him. What type of stock should Keith purchase?

Group of answer choices

common stock

dividend stock

preferred stock

preemptive stock

proxy stock

Answer rating: 100% (QA)

Keith should purchase preferred stock Preferred stock typically offers sharehold... View the full answer