What are the characteristics of preferred stock? - ProProfs Discuss
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What are the characteristics of preferred stock?

Asked by Kaushalmandalia, Last updated: Jun 09, 2022

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kaushalmandalia

kaushalmandalia

kaushalmandalia
Kaushalmandalia

Answered Apr 03, 2019

Preferred stock pays its holder a fixed amount of income each year, at the discretion of its managers, and its dividends are usually cumulative.

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