INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-The dividend on a preferred stock has been missed.In order to receive this money later,your stock has to be [cumulative | noncumulative].

Question

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The Answer of INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-The dividend on a preferred stock has been missed.In order to receive this money later,your stock has to be [cumulative | noncumulative].

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which