Which one of the following characteristics of preferred stock would make the stock resemble a liability?
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Which one of the following characteristics of preferred stock would make the stock resemble a liability?
The fact that preferred stock usually carry no voting rights, but may carry superior priority over common stock in the payment of dividends and upon liquidation.
Preferred shareholders are paid over common shareholders, similar to paying a creditor (one who you would have a payable balance due to) over your common shareholders.
Which is not a characreristic of refrred stock
Ownership in the company
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