Which of the following is not a characteristic of most preferred stock?
A. Participating clause.
B. Preference as to dividends.
C. Preference as to assets in the event of liquidation of the company.
D. No voting power.
Answer:A
Which of the following is not a characteristic of most preferred stock?
A. Participating clause. B. Preference as to dividends. C. Preference as to assets in the event of liquidation of the company. D. No voting power.