lambchop76
Apr 29, 2007, 07:52 PM
Which one of the following characteristics of preferred stock would make the stock resemble a liability?
a. the preferred stock is callable
b. the preferred stock is convertible
c. the preferred stock has warrants issued
d. the preferred stock is noncumulative
e. the preferred stock is participating:eek:
a. the preferred stock is callable
b. the preferred stock is convertible
c. the preferred stock has warrants issued
d. the preferred stock is noncumulative
e. the preferred stock is participating:eek: