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Learning Management System

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FP$513$ November Investment Planning

My Dashboard

Question $10$ of $85$

Question ID: $1240625$

Harriet recently purchased $100$ shares of ABC preferred stock, paying a $4\%$ dividend. Which of the following statements is CORRECT?

A$)$ Young, high$-$income investors looking for returns in the form of capital appreciation are the primary purchasers of preferred stock.

B$)$ If ABC preferred stock is cumulative, Harriet must receive any unpaid ABC preferred stock dividends from prior periods before ABC can pay any dividends to their common stockholders.

C$)$ Harriet will stop receiving dividends after $10$ years.

D$)$ Harriet must receive her $$40-$per$-$share dividend before the common stockholders receive their dividends.

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