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If you own 500 preferred stocks of a corporation, it gives you the right to vote the company's board of directors and your vote as the preferred stockholder will get more preference over the common stockholder for selecting the board members. * O True O False If Acme Corporation has 2.500 shares of 10%, $80 par value preferred stock outstanding on December 31, 2019. On December 31, 2019, the company declared a $75,000 cash dividend. The dividend paid to the preferred stockholders is $40000 if preferred stock is cumulative, and the company did not pay a dividend in the previous year. * True False