Question: Preferred stock is a hybrid security, because it has some characteristics typical of debt and others typical of equity. The following table lists various

Preferred stock is a hybrid security, because it has some characteristics typical

Preferred stock is a hybrid security, because it has some characteristics typical of debt and others typical of equity. The following table lists various characteristics of preferred stock. Determine which of these characteristics is consistent with debt and which is consistent with equity. Characteristics Debt Equity Usually has no voting rights. O Failure to pay a preferred dividend does not send the firm into bankruptcy. O

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