Gaby Williams is thinking about buying some stock but wants some protection should the issuer miss paying a dividend payment.Which one of the following features would help provide this protection?

Question

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The cumulative feature means that if a company misses paying a dividend payment, the missed payments accumulate and must be paid before any future dividend payments can be made. This provides some protection for investors like Gaby who want to ensure a steady stream of income from their investments. The other features listed do not provide this type of protection.

Gaby Williams Is Thinking About Buying Some Stock but Wants